At $18k NOI, you're buying a 4.5 cap which is WELL below the CBRE cap rates for stabilized C class properties in most all cities.

Whether or not, the demand for what you are doing must be high, city legality law, and the normality of a new structure going to be typical in that area? 

Hi Stephen,Not necessarily RE Market, but I find the data on Citi Data.com to be very useful. 

I'm a Jersey boy who's been in Salt Lake City about 18 months.

These are two cities that will be good to raise a family .   

Hi Bowman, it seems to me that your biggest disadvantage will come from the lack of knowledge about what is feasible in the market you are in, because I think that should largely affect what your acquisition strategy is.For example you may want to buy something that cashflows but if you are in a rapidly appreciating market like we are in right now in the Twin Cities, you will have a hard time finding something to get excited about and will need to target different asset types or adjust to find another way to get your money to work for you.In this market your advantages aren't particularly helpful as there is so much money chasing deals, that the ability to qualify for financing doesn't really set you apart.  

I live in the UK, but would like to invest in the US.What's a good way of finding unbiased information about good cities to invest?

Toll Brothers are building a development of single family homes across the street from my property starting at $500K.

I don't have the time to go out and work the streets like I used to, so willing to pay a wholesaler to do the leg work of course. 

@Douglas SpenceWell you plan to invest in the best city of them all.