Boomers possess the largest share of real estate wealth in the country (~45%) despite representing ~28% of the population.

(its 20 mins to a more populated town with loads of STR and 40 mins to a popular lake).

Landlord-friendly, tons of job growth, population growth, easy access from the bay area, and rents that have jumped significantly in the last few years.

Sergey is also correct anchorage has been seeing a slight population decline over the last few years but with a thriving summer tourist community, the short-term rental market made a large boom.

Large city with continued population and economic growth.  

They both have good cash flow, are landlord friendly and have growing populations, jobs and income which contribute to appreciation and rising rents. 

But, depending on the property you’re buying, you may not need to review every single one of these (this is where a real estate agent or broker can be helpful as well):Population and job growthHousehold median income trendsAccess to public transportation and amenitiesNeighborhood and school rankingsUnemployment rateCrime rateBusiness openings and closingsNew development activity that could help or harm your intended investmentProperty value trendsFair market rent trendsPercentage of renter-occupied householdsMarket vacancy trendsGross rent collectedMaintenance and repair expensesUtility expensesProperty management, leasing, and advertising feesInsurance expense including past insurance claims, need for flood insurance, and the cost of homeowners and landlord insuranceProperty taxes and potential increase due to change in ownershipProof that any sales tax collected on rent has been remitted and is up to datePhysical property inspections including structural and mechanical, wood-destroying organisms, radon, and lead-based paintTitle commitment on the property and legal descriptionMost recent ALTA (American Land Title Association) surveyZoning or use certificate for property in rural or unincorporated areasNew survey, septic report, and well water report for rural propertiesPhase I environmental report for property near industrial areasHOA covenants, conditions, and restrictionsHOA financial reports including P&L and balance sheetReview of seller financial statements including a copy of the seller’s tax return to verify income and expenses are true as reported to the IRS going back two or three yearsReview of tenant file including the lease terms and conditions, deposit amount, tenant application, and background and credit checksCopies of existing service contracts such as landscaper or current property managerList of all outstanding invoice and proof of payment for all work recently doneLien search to verify there are no existing worker’s liensHistory of insurance claims on the property going back three yearsVerification that property appraisal is for at least the contract purchase price if not moreCompare your pre-offer pro forma analysis to the seller’s reports to make sure the deal still makes sense.Good Luck!

I have chosen these markets due to the median MF home value being under 200k, a decent appreciation rate ranging from 9%-28%, and these markets have seen an increase of population and job growth YoY.

I have the following: 1) average cap rates in the space, 2) population growth 3) Job growth 4) what areas are the "tough areas" 5) any specific nuances to this market (i,e, any unique taxes) 6) who are the best property managers?

Hey @Reco T Bumpers You are more than encouraged by NACA to stack grants if possible, but it all depends on the area you choose, I myself have a lender that I work with closely in the Houston area where my clients go for a 0%down program the only issue with that is that the population for the area has to be 51% minority, but for the NACA you can ask your lender to see what grants you can qualify for or even make your own research in the areas you would like to purchase said duplex in, I also have another lender that is super investor friendly where we take your income + the income the property would make and qualify you for an amount suitable for an investment property.