Back to the apartments, depending on how close you are to another town that has similar demographics you can utilize them as a starting point and adjust for you being newly renovated.  

What I have gathered is a demographic of the target area(s) that you would like to purchase properties.

The City had the highest home appreciation during 2016 EAST PALP ALTO, CA is an example what economy and demographics changed concurrently Year EPA % 200220032004$615,00020052006$1,120,0002007$542,0002008$414,2582009$321,7782010$314,5882011$309,01227.6% lowest year2012$361,550117.0% -appreciation in relation to lowest pt investment2013$464,405150.3%2014$630,492204.0%2015$697,697225.8%2016$913,500295.6%The area was hit hard by the Great Recession.

@Luis Fernandez, the expenses are higher because you will have higher physical vacancy (longer time to fill), higher economic vacancy (bad debt, eviction), higher repairs (that demographic just doesn't take care of the property well and the properties in that area are usually older), higher management (property managers will charge more due to more work dealing with that demographic),  and higher contracting costs (if they even will go there, plumbers and electricians will charge more due to safety concerns).

@Abdul Azeez Indianapolis and Kansas City are both landlord friendly, good cash flow markets with strong economic and demographic fundamentals.

I'm so happy I fully understood Future Value and cost of opportunity to make sure I invested correctly.You can probably save a lot of time in your research by looking for Franchises or other things that will already do the Future Demographics for you.Look for Franchises like medium to upscale coffee shops, for instance.

Demographics favor entry-level homes. 

For instance, house prices over time, rent prices over time, average days on market over time, demographic information over time, etc. 

Look into whether chain stores, which do a lot of demographic research, are opening up or moving out.  

I am not marketing specifically to that demographic, but they seem to find me and work out well.