These parameters will help decide what kind of yields you are searching for, which you can use to filter down your list of macro markets.Then I would start by looking at the macro market's fundamentals, that is the population, job and income growth over time.After that, I would look to see what the rents and home prices are and how those are trending as well.I would do a similar analysis, but at the sub-market level for the metro area you are considering investing in.Other metrics that I find valuable to understand are household income, poverty, unemployment, and educational attainment.

---------RENTAL CRITERIAGENERAL REQUIREMENTS1.Each adult (18 years or older) must complete an application to rent and background check authorization form.2.Each applicant must provide a valid government issued picture ID at time of application. 3.Each applicant must qualify individually or together with a co-applicant as a household. 4.An application fee of$40 per application must be paid prior to processing the application.5.Occupancy is based on the number of bedrooms per unit.Maximum occupancy is two persons per bedroom.6.No Pets - no pets allowed on the premises.7.No Smoking - no smoking allowed on the premises.We will not rent to smokers.8.No Drugs - no illegal drugs are allowed on the premises.We will not rent to illegal drug users.9.No Firearms - firearms are not allowed openly on the premises.If a firearm is owned, it must be safely stored.10.We conduct full background checks.

They get married to a person with a real job and that paycheck gets dumped into a household bank account. 

I do find, everyone has a different definition of what a bubble is.It is worth noting that median household income in Denver is flat since 2005, when adjusted for inflation.  

Indianapolis median household income is $42,076 in 2010-2014 and has grown by 5.06% since 2000.

@Max Householder--That second paragraph is gold, and I'm going to apply that plan moving forward.

Total dollar volume for full-year 2023 fell 12.6 percent to $40B;December single-family home sales fell 6.2 percent year-over-year with 6,103 units sold;Total December property sales declined 4.9 percent to 7,395 units;Total dollar volume for December fell 3.7 percent to $2.9B;At $330,000, the single-family home median price was unchanged;The single-family home average price was also unchanged at $407,817;Single-family homes months of inventory expanded to a 3.3-months supply;The townhome/condominium market experienced declining sales throughout 2023, and in December, volume fell 7.0 percent with the average price up 6.7 percent to $258,137 and the median price down 9.3 percent to $235,000;Townhome/condominium inventory grew from a 2.0-months supply to 3.5 months.SOURCE HAR

Although there are no foreseeable catalysts in turbocharging household incomes or population growth, there are no foreseeable cataclysmic events that should shake that up.

I am hiring roofers on behalf of a small condominium complex to fix several areas of the roof where some water is leaking.

I grew up in Southeast Houston, Texas with my sister in a single-parent household after my parents divorced.