Richmond VA, zipcodes for solid rental buy/hold
Hello BP's ,
I live in northern virginia , and now looking to expand to Richmond, VA area given the proximity and the better price points compared to where I live. If I am looking for SFR to buy and hold, I am trying to gather info that can help me in my due diligence phase:
1) what are the zipcodes and areas that offer solid rental market (i.e easy to rent and manage) ?
2) What are are average cap rate in those areas?
3) I see a lot of properties there at good price points, what's the sweet spot pricing for descent cash flow and also potential appreciation?
4) As I am looking to find something where I can add value by renovation and rent out, are those deals also available on MLS or only off-market?
5) I will be there first week of April to drive around different areas, also trying to build a team there so any other recommendations would be highly appreciated.
Cheers,
Karim