Similar to @Eric Teran, when I'm evaluating a potential foreign market for real estate, I'm also considering (a) whether and what other industries there I would want to re-invest and returns into, and (b) whether I'd want to live there at some point.

I am also thinking of using machine learning to evaluate all the listings and quickly identify deals. 

If you really want to evaluate the efficacy of such an investment, then you need to get a realistic estimate of the costs, and talk to landlords in your area that have installed such a system, to really understand affect on NOI.

I'm not trying to discourage you from looking at properties that meet the 1% ratio but just wanted to inform you of some of the drawbacks of only looking at the 1% ratio when evaluating investment properties.        

@Frank Agyeman-Duah I’m new I have 0 properties and looking for my first so I would say evaluate the property and check with resources to make sure the seller is not lying on what your rents “are” and be conservative with the potential rent if you get new tenants, also I would make the new tenants sign a new lease agreement set forth by you, but I’m not sure what evection laws are like if they have been living there with out a lease could they be considered squatters or claim to be?

I think this is the time to evaluate what our trade groups are doing and joining, supporting them moving forward.

But also evaluate the property based on you not living there because at some point down the road maybe a couple years or so you may not live there any longer and you want to make sure the investment works for you to be able to hold on to it long term.

I'm also fortunate enough to be able to work from anywhere in the country indefinitely, which has be re-evaluating my real estate ambitions.Previously I was evaluating 2-4 family house hacks in Northern NJ, and those often fall in the $500,000 - $800,000 range with 0.7% to 0.9% price-to-rent ratios.

Whether related to finding, evaluating/valuing, buying properties, renovating them, etc, it’s by far the MOST important to find trustworthy individuals whose values are aligned with yours.

I evaluate properties from appraiser site and it may just be my assumption but it seems as if properties bought with cash may take advantage of lower tax assessments on property?