Evaluating OOS regions for buy and hold
Hi folks,
Total noob here. Reading books, but could use your sage advice.
I'm seeking my first 3 to 4 buy and hold investments over the next couple years. But my local area is too expensive, so I have to look to invest out of state.
There are specific regions of the country I'm eyeballing, but they are broad swaths (PacWest, Great Lakes, etc.).
I need to narrow it down to specific cities.
What are your tips for how to evaluate, from afar, the right OOS cities for investment? What economic and social indicators should I look for?
Thanks! :-D