I watched a video advising investors to look up Geomap FFIEC to get a second look at the demographics of the area. Has anyone used it and if so, what is an acceptable rent to own ratio? And what is an acceptable % of the population living below the poverty line?
I have found value investing in Cleveland, OH because it is home to Cleveland Clinic, lot of good neighborhoods, landlord friendly laws, stable appreciation and good cash flowing properties. There are also abundant opportunities for small multi family and SFH.
I have been able to scale up to 12 doors in 2 years so definitely recommend this area. Feel free to reach out and we can discuss.
There are not single acceptable value for everyone. But that depends on your goal, comfort level in dealing with tenants, balance between appreciation and cash flow etc. Work backwards from goals to an investment strategy you are comfortable with. You may have to adapt as you go along, but it is important to have one.