✅ Market Research – Analyze rental demand, vacancy rates, and average rent prices in the area.
✅ Location Factors – Consider proximity to schools, hospitals, major highways, and employment centers.
✅ Property Type – Single-family, multi-family, or vacation rental? Assess the pros and cons of each.
✅ Property Taxes & Insurance – Research county tax rates and required insurance (especially flood & windstorm coverage).
✅ HOA & Restrictions – Verify if there are any HOA rules or rental restrictions.
✅ Potential Appreciation – Look at historical property value trends in the neighborhood.
✅ Crime Rate & School Districts – Affects desirability and tenant quality.