My search has included analyzing the prices of homes in these markets, driving around the neighborhoods, checking on occupancy restrictions, student permits if required, college enrollments, crime statistics, etc.

I started out by just researching the questions I needed answers to in the search box. 9/10 times I found the answers I was looking for.

When prices went up people were searching for yield or the next big thing ( area ) to pop.My thought is if you have money to throw down the drain then speculating might not be bad.

For anyone who wants to dig in, I suggest going on Halifax.ca and searching Airbnb and In-law suites.Paul Mackay

I have family in Zionsville so I am fairly familiar with the area and part of the reason I started searching in this area.Any recommendations would be greatly appreciated.

Ive searched but frankly haven't found anything.

A quick search of the IRS website should help you identify which closing costs can be expensed, which must be amortized, and which are added to your cost basis and recovered through depreciation. 

Also, just do a search on BP for "out of state/area investing" and you should get a lot of hits. 

Click on the "lease" tab and do a search.

Internet search?