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.

They had already built the same type of condominium project in Acapulco and I believe the other was in Mazatlan or Puerto Vallarta, with multiple condo buildings.

The fine is for use OTHER than normal household use. 

I'm going to be getting into some rental properties but I have no income (my husband is the only working member of my household) so I was worried about how many loans we could get. 

There's a mountaintop ski resort in West Virginia that sells condominiums within the resort and then has in-house property managers that run the unit as a rental property whenever it's not in use by the owner (in my case, that would mean always). 

@Joshua Dorkin The big thing we have changed is our household budget.

I suspect most people are naming their net monthly household income from the rental properties, which excludes their personal home mortgage, car payment, etc.

Groceries run me anywhere from $200 to $400 a month, just depending on whether I'm stocking up on household stuff or not.

However, we have a joint account for household and everyday living expenses.

I've decreased my expenses as much as I can (cant slash the cable, because that's one of the agreements I made to stay here + take care of the yard and things in the household).