I have an interest in Multi-Family properties as cash flow investments. Like many places in the US my market is so hot there are very few opportunities at this time. In the interest of keeping options open as well as getting practice analyzing deals I'd love to hear from those who invest in multi-family properties outside of their local markets.
1. What markets do you prefer and why?
2. What metrics do you look at to determine whether a long-distance market is worth your time/money?
3. What sources/websites do you use to obtain your metrics?
You might want to check out (or repost on) the MF forum which has similar posts. You will most likely get some feedback there.