Price / Rent Ratio - lower the better Avg Median Income - feeds into #2, not as important on its ownAvg Median Price - feeds into #2, not as important on its ownAvg Median Rent - feeds into #2, not as important on its ownRent % of Income - rent should be >1/3 of incomeSociodemographic Rank - should be high (used this article)Population Growth - should outpace US average (used this site)Jobs Growth - highger the better (used Forbes data: example)Law Favorability - should be landlord-friendly (used Avail: example)State Tax Favorability - should be favorable (used this article)Poverty Level - should be low (used city-data.com)Crime - should be below US average of 290 (used city-data.com)Industries Present - should be diverse (used city-data.com) Here are the markets I evaluated: Bend, ORGreenville, SCCharlotte, NCMeridian, IDMidland, TXSpartanburg, SCHuntsville, ALKent, WAWithout any further delay, here is my market analysis laid out with selection criteria and markets: As you can see, the Top 2 Markets are: Meridian, IDCharlotte, NCand they are mostly green across the board, hitting all selection criteria, at a reasonable purchase price for my first investment at a young age.Now that I've completed a brief analysis, I'm looking to dive into deal finding and developing my Core 4.What are your thoughts on my preliminary market analysis?

@Mike Calabrese your RE IQ will increase over time and you will be able to do your own preliminary inspections and estimate a rehab in less than 30 minutes.

While performing some preliminary research on rental properties, I discovered that there are several strategies that can be executed.

I haven’t actually hired his firm yet, but he has done some really impressive preliminary work.  

I'd even be willing to make a small wager that honestly reported he is making maybe 2- 3%/ year on that property as an actual return if he hasn't kept up with rent increases. 

This number is going to be different across every market, asset type, and lender, but it's something that each lender should provide in their initial preliminary quote, and in most cases is negotiable.I'll usually ballpark reserves at ~$250/unit for stabilized multifamily. 

We have been using the BiggerPockets Rental Property tool to do a preliminary analysis. 

More info on the preliminary IRS guidelines can be found here:  https://home.treasury.gov/news/press-releases/sm04...Final IRS guidelines should be out by the end of the year.

.), bought as a natural person or LLC (in which you own 100%), and get a preliminary title report showing no liens. 

If you have 110k into the house and get 1300 in rent then you meet it . 1% of purchase price of 110k is 1100 and you are over that .. but that’s kind of a basIc preliminary for a quick reference because now you start looking at expenses .