I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

The Raleigh market may have increased by 40% after the Apple announcement, but it wasn't because of Apple, at least not solely.

Tampa is a strong market with steady population growth and high demand.

.- Can't see a Senior-Only complex allowing Short-Term-Rentals (STR).If so, SELL.2) What is the history of Association Fee increases and how well capitalized is the Association for future repairs?

Eastpointe has a semi-decent school district, and the area overall is seeing a population growth.

If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland.

That seems extreme to me, but even if is only 10% of that, that's more than our States entire population, the implications are supermassive. 

That said, the construction is slowing, and I believe Huntsville’s population growth will make this a good investment over 10+ years.

The importance of lowering expenses and increasing efficiency to maximize property income.

It would actually be a net PROFIT given the huge increase to tax revenues.