3- What are the projected jobs and population numbers over the hold period?

Maybe population inflow is controlled to stabilize demand?

I am headed to Memphis today to look at properties so I built a version of the tool which you can find here: https://datastudio.google.com/open/1GOoK2dGraQ6-R5...HERE IS HOW IT WORKS:Combines data from the US Census at the Zip Code Level with Property ListingsFilters Zip Codes Based on:Population greater 10KMedian Household Income greater than $40KPositive Population GrowthMedian Listing Price less than $150KPercentage of Renters in Zip Code greater than 25%Filters Properties Based on:3 Bedroom2 BathroomLess than $100K listingDisplays report using a tool hosted on Google Cloud: https://datastudio.google.com/open/1GOoK2dGraQ6-R5...Next, I am planning on calculating potential ROI (e.g.

To the more county or even city level, I always like to look at the macroeconomic drivers like population growth/decline, economic growth/decline, what developments are or are not planned, general price ranges, investor activity and sentiment, and the like. 

Walmart will build a store when the population of a city hits certain criteria.

. - positive cash flow, positive trends in the area like population growth, area revitalization, economic stability (not just one employer)Question 3. - if you are new, it is a good idea.

There's a much greater portion of the population able to pay $1-2k/month in rent vs. $4-6k/month. 

The reasons I moved down here are pretty obvious if you compare the two locations: Lower cost of living, better place to raise our kids, more house for my money, less congestion/population than LA (at least for now), metro city with a "small town" feel, job market prospects, etc.

Current population is 600, but we're close to a college town of 50,000 people.

Look for cities (overall metro) population with more than 1M in population and decent population growth.