How does one determine the demand for condo rentals in a certain market?

Question by Curt F: How does one determine the demand for condo rentals in a certain market?
I am considering buying a couple foreclosure condos and renting them out, however I am finding it difficult to guage the rental market in this particular area. Does anyone know of any sources that might help me see what I could probably charge for rent and how many people will be interested in the place?

Best answer:

Answer by robert w
check local newspapers radio tv websites.
contact local realtor rental sites.
make sure u have money up front to cover expenses and 3- 6months of condo expenses when u do not have tenants.
foreclosure on investment/rentals is a pain in (body part)

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