A rental property is only valuable to you if there is a person willing and able to use your property and pay you rent. If you buy a house standing by itself in the middle of a desert, your prospects of finding a paying tenant are poor. You want a hassle-free cash-flow property near lots of well paid people. Those people want to live near their jobs and the amenities they enjoy.
For a property to be a suitable, it must be located in a market that passes the following litmus tests:
Read the rest of 7 Steps for Picking a Strong Real Estate Market (Part 1) »
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