Evaluating a Rental Property by Location
Looking for how other evaluate purchasing a buy and hold property, beyond the "numbers". Do you merely look at the purchase price, ARV and potential rent (also considering other expenses)? Or do you somehow factor in condition of nearby properties, distance to schools and shopping, nearby parks, area crime, rating of nearby schools? Just wondering if the ARV and nearby rent potential automatically factor in all of these "extras" and you just go by the numbers or you use another criteria. If you look at the stock market, a stock price will automatically factor in the impact of dividend payments and company potential. Thanks for you comments!