Researching a real estate opportunity needs to include factors which are not specific to the property or opportunity. There are many situations where an inconvenience to the buyer (or tenant) has nothing to do with the property. As a landlord, seller, or developer, you want to have all of the stars aligning beyond those which are within your control.
The findings in the below linked article are a great example, especially when it comes to relocation properties. It's a list showing that people that are retiring or choosing a relocation destination strongly consider tax consequences. Statistics show that the majority of states people are moving to have either no state income tax or a flat tax. That situation can make a difference of thousands of dollars annually to an individual or family. And, that situation has zero bearing on the quality of the property being considered.
In other words, you could have the more attractive property and/or amenities by far, but you may not have as good of a tax situation as a less attractive property. The "less attractive" property may win out because the buyer includes tax consequences.
When performing research on real estate investing, buying, or selling opportunities, you need to consider more than the thousands of square feet surrounding the property. If considering in one of the states with no state income tax, your potential buyers, tenants, or investors have thousands more reasons to choose your opportunity.
It's all part of doing your research, which my team and I can do for you, or train you on how to do it yourself.
https://www.illinoispolicy.org/4-of-5-top-states-americans-moving-to-have-flat-or-no-income-tax/
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