As far as who makes more money I haven't seen a survey.

The Tribune surveyed dozens of former residents who've left within the last five years, and each offered their own list of reasons for doing so.

Just by looking without a survey you would not be able to judge the boundaries.

A seller may pay for your title insurance and survey, for example.

@Douglas GratzData sources such as the American Community Survey, also known as the annual Census, can help you judge a location by considering key market indicators, which I list below.Some of the metrics that I find valuable to understand are:- Population Total- Population Age- Home Values- Household Incomes- Rental Vacancy Rate- Homeowner Vacancy Rate- Poverty Rate- Educational Attainment Rate (High School/GED & Bachelors)- Number of Housing Unit- Rent to Income Ratio- Rent to Price Ratio- Population on SNAPS (supplemental nutrition assistance program) percentage- Property Tax Rate- Median Age of Buildings- Number of Structures by Units (SFR, Duplex, Triplex, Quadplex, etc...)- Median Rents by Number of Bedrooms- Unemployment Rate- Employment Sectors Percentages- Number of Building Permits Issued- Foreclosure Rate- School Ratings- Crime StatisticsAlso take into consideration the direction in which each of these market indicators are trending.

Unemployment is at the highest level since the depression, Corporate Bankruptcy are at their highest level since 2011, and now if congress doesn’t do anything to help child care industry you could see 13% of the workforce leave to take care of children based off a recent survey.

Then it makes sense to spend money on the inspections, surveys, contractor bids, etc.Review of the financials can be tricky, particularly when the current owner has not kept the books correctly.

Check out my post from a few months ago - https://www.biggerpockets.com/forums/530/topics/1144123-lend...I did a survey of a bunch of lenders to find out their policies on active STRs and how they are valued.

I pulled data from the Census Bureau, the BLS, Zillow, and City-Data, along with referencing the following six reports: - Marcus & Millichap Annual US Multifamily Investment Forecast- CBRE Biannual Cap Rate Survey- Integra Realty Resources (IRR) Annual Viewpoint Commercial Real Estate Trends Report- Zillow Annual Consumer House Trends Reports- RCLCO Quarterly State of the Real Estate Market- PWC Annual Emerging Trends in Real EstateI then used primarily the market filtering criteria suggested by Joe Fairless (Best Ever Apartment Syndication Book) and David Lindahl (Emerging Real Estate Markets).I'm just worried that this is the same data being used by every other investor, potentially causing excessive competition.

Have you completed your Alta Survey and phase 1 environmental?