Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

@Sam Josh Cleveland is the Best overall rental market in America, 2 years in a row ranked by Forbes, Really the last 10 years, but they were not paying attention.

Population Growth Rate Rank of City within 15 miles of Cleveland, OH with population more than 2,000

Please let me know in the comments below if this is helpful, or if you have more criteria to add in this discussion.Percentage of homeowners vs. renters:When ranking a community, I start with homeownership.

I never paid thousands to a GURU, I did however have mentors, People who were willing to give me their time and knowledge for no gain other than seeing someone else come through the ranks and make a success.

Find areas in which employment is growing, make sure the employment is diversified and not reliant on only a few industries.The Marcus and Millichap National Apartment report is great at ranking top metropolitan areas in the country by vacancy rates, sales, cap rate, growth.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

I'd personally rank that at OK for myself.

Some basic financial thinking, etc...I think this ranks up there with cutting the main stack and getting an unknown desease, as far as the bad and the ugly that go along with the good of this business.And seriously @Jim K., I never knew that about main stacks—thanks for putting that out there.Good Luck!

We chose the Skyline (NE) area, so we would be close to Sacajawea (which ranks just as high as Meadowlark) and the rest of the schools the kids will be attending (North and CMR).