Neighborhoods will definitely help you narrow it down - look for good school districts, parks (families love parks), and generally less crime rateLook for Economic Engines of stability - what kind of corporations are headquartered nearby?

Maybe even under a corporate entity.

If you are going to invest in rehabs/flips you should go with a Sub S corporation for tax purposes. 

So keeping passive property in one corporate structure and active under a different one could be useful.http://www.creonline.com/irs-definitions-real-esta...

I show $65k in income for 2015 and $112k in 2016.We own our corporation.

Under the Act, unless the governing instrument provides otherwise, a beneficial owner is entitled to the same limitation of personal liability extended to stockholders of private, for profit corporations for profit organized under the General Corporation Law of the State of Delaware.4 If a natural person, the trustee must be a resident of Delaware.

One of those things you should consider some form of corporation or a LLC to protect yourself professional When you have selected your niche and market.  

One of those things, to protect yourself personally, is to form some type of corporation or a LLC.  

Hi all,I'd love to hear your thoughts on Rented Corporate Leasing or leasing multiple units to short-term rental management companies at market value. 

So if you can complement and leverage each others strengths you can make a deal work.