Know your market cap rate and you can quickly determine whether property is worth a closer look. 

I would never let a client purchase in certain areas of my local market....

Very interested in the Cleveland/Ohio market in addition to a few other cross-border cities closer to Toronto. 

However, many states now require some version of a license to wholesale, so I'd identify a market first and then dig into their specific wholesaler requirements. 

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

There are no laws restricting mark-to-market rents. 

For me it’s building connections with buyers in a new market. 

It’s not a market where you can just buy blindly, but for investors willing to do their homework, it offers a strong mix of cash flow and appreciation.If you’re open to learning more, I’m happy to share some resources on how I’ve built my portfolio there.

No one has a "crystal ball" to time the market perfectly. 

Savvy investors can find pockets of opportunity within the market.