Finding cap rates for out-of-state regions

[Norman Berman]

Hi folks,

I'm researching multi-family investments in out-of-state regions, since my local region is too expensive. I'm planning a buy-and-hold strategy.

I've identified 5 different cities that interest me, but obviously have to choose one. Knowing the cap rates for each region would certainly help me narrow it down -- and quick! I've looked on the popular realty websites but they don't reliably list all the due-diligence info I'd need.

I realize this is something that my agent could help with, but since I haven't identified my target region yet, I don't have an agent yet.

Are there online (or other) resources you'd recommend for finding this info?

Thanks!