Not sure about your market, but you could also consider population growth, average age, unemployment, vacancy rate, job opportunity, demand for 1 bedroom rental.Could also inquire about screening process for existing tenants, you may not want to inherit multiple tenants who have not been screened appropriately.

My recommendation is to start with what is called a "top down analysis" which involves choosing an Metropolitan Statistical Area, then a sub-market within that MSA, then a specific multifamily product type and then you will work on choosing the correct property.Step 1: Analyze nation wide population, job, supply/demand and multifamily transaction trends in markets which you are interested in. 

About 50% of the population of America!

@Darlington Agu - ATL = Jobs and Populations growth.

.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

Job growth leads to populations growth and economic prosperity.

That's because not only do they have strong returns, they both have growing populations, growing jobs and diverse, modern economies which is critical to the long term value of the asset.

We are expected to grow from a population of 75k to 100k in only a couple years.

There are other cities that have way more population and job growth.

Bend getting pretty populated but outside of town there are still plenty of wide open living.