You want to know the total demand and the existing competition.  

While investing locally is usually the easiest route, SoCal can be challenging with high entry costs and competition (though it’s definitely doable!). 

Their automessages and workflows are good and more robust than the competition. 

He said that they're usually very competitive for properties this size.

However, based on their website, they do offer competitive programs for fix-and-flip investors.

For me local real estate is where I think I have a competitive advantage. 

Then you take that list and see if there is crossover with some of the areas you are interested in and start there because you have a competitive advantage there (boots on the ground or knowledge).One last thing, don't discount your own enjoyment.

.- Strategic Location: Close to major commuter routes (I-495, US-29) and public transit (Metro).High Demand: Inventory in Silver Spring remains tight, driving competitive offers for move-in-ready properties.Diverse Market: A mix of young professionals and families ensures a broad buyer pool.

@Sean Hurwitz LOT of competition for flips!

In my area there are a few small regional banks that have competitive DSCR products.