If you want to understand 5-year outlook, I'd look for multifamily construction data in your area to understand what level of new units is and will be coming online in the near future. 

➡️Underwrite deals with data-driven decision-making.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

From digging into real time market data and calcualting cash flow.. to literally driving for dollars, you want someone with an incredible network of pros who can unearth leads (probate attorneys, divorce attorneys, local fix and flip circles) that might connect you with a ready buyer or flud tenant.

Why not test the market by putting the lots up for sale, and if nobody bites, that might provide your answer. 

While it's true I don't necessarily trust the pricing software algo, I really like the ease of accessing the data.

I do not do a lot of volume, so it would take me a long time to get a good data set just based on those numbers. 

. 😉  Lack of investment capital (money) ought never be the obstacle because if the deal is right, the money will always appear.Then, you’ll need great data sources both for identifying opportunities and confirming the facts.

Tools like PropStream, Redfin, or Zillow’s market data can help you identify neighborhoods with high demand and favorable price-to-ARV ratios.

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.