Determined to succeed, I spent countless hours in the library, absorbing knowledge from the industry’s greatest minds.

My question is, when picking a good market, what are the kinds of things do you look for to determine if it is worth investing in?

I am not able to determine your purpose in posting this, since you did not also offer solutions for the seller or for the investor.The situation does not unfold when the homeowner receives a solicitation, as the article mentions...it begins when they are late paying their obligation to their lender.There is a timeline to a bank beginning foreclosure.

Determine what price you can pay for the property.

You’ll want your cpa to help determine which hours count and which hours don’t count. 

Action Steps to Start Building Passive IncomeResearch Your Market: Determine whether your area is better suited for short-term or long-term rentals.

How do you go about determining market rate?

As a savings of a few thousand dollars on furniture, could determine if your occupancy rate is 65% versus 70%...If the revenue is $50,000/yr that's $2,500 in one year (which could be the breakeven for that specific line-item expense).To determine you total breakeven point occupancy rate, and not just related to the furniture, take your operating expenses plus your debt service and divide it by your effective gross income.

To determine what to offer on a rental property:Determine reasonable market rent, NOT the highest!

@Srikanth KumarBrooklyn Centre near MetroHealth, Tremont with Grace Hospital and ongoing revitalization, and Fairfax near the Cleveland Clinic are all great areas with solid growth potential.