When you are thinking of whether or not to invest in an area are you only really concerned about cash flow for a rental/buy and hold property? For flips, are you mainly concerned about cost, cost to renovate, and resale price?
Do you look at other metrics or items when considering an area? Trying to figure out if I am looking at too many metrics (like population growth, median income, schools, crime rate, etc.)
For buy and hold properties I absolutely look for cash flow.
For areas I like for growing population and a stable economy. What are the top companies there and what’s going to keep people going there.
Then I go deeper and look for nice neighborhoods. If you’re investing out of state you’ll need a team you can trust even if you plan on visiting the area before purchasing.
Hope this helps!