Hence, here're some steps for you to determine the plan of action:1) Decide on the asset class you'd like to pursue2) Check the local market to see if it makes sense to buy locally3) Go OOS (out of state)4) When going OOS look at demographics, local economy, major employers in the area, supply/demand for your selected asset  class, infrastructure, population growth.

Be very selective in what you buy.

You just do not hear about them, and likely will not hire them as they are good enough to be selective about who they work for and often will only work as a sub for a general contractor.Sometimes they are green and can not estimate the level of effort for a job and sink themselves financially on jobs. 

I can not afford in my local area so I have selected Austin round rock .

Buy some of the market research reports for your selected geographic areas.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcast If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

We just listed our first rental property and received lots of interest in it. We have narrowed it down to two candidates and I’m having trouble deciding which one is more qualified. This single family home is in a c...

I hope this helps you select what's right for you. 

We work with other investors and I know they also seem to be selective about where they have quake insurance - $200/year is not a big impact on cash flow, but $2000/year gives one second thoughts.

@Ben Mosh Market selection is really important, so your question is a great one.