I would prefer to target tenants that are Military, stationed around the area.

@Yoselin Pearce I'd encourage you to look into school zones, and target high performing school zones!

It dictates zoning, planning priorities, density targets, transit plans, and more.

buy/rentals...most of the time the target demographic is North American expats.  

I've been pre-approved for FHA, but the loan limits are just too low for the areas I'm targeting. 

Newbies like me tend to jump right in and start with few hours of math analysis :) but you are absolutely right to set target first and strategize @Simon Campbell Thanks for your insights on mortgage.

But you have to target entire zip codes.

@Manny Fernandez What list are you targeting?

the bigger question is who are you targeting?

Target ROI for investors is 100%+ over 5 years (10%+ cashflow & 50%+ capital gains) assuming stable economic vacancy of 10%-12% with 3% rent inflation and 7.5-8% exit cap rate.