Do you look at rent amount tiers when choosing a property?

[Aaron Bassett]

I spoke with an investor that owns about 15 properties in and out of state. In her experience, there are tiers of rent in which you would be more likely to collect each month. These don't necessarily always focus on lower income renters in rough neighborhoods. For example, market A rents under 500 are more likely to be collected than rents 500 - 700. However, when you start getting in to the 1200 range they become less likely (i.e. Middle class folks overextending themselves by buying too many toys). Obviously these would be unique to each market and would depend highly on the tenant screening process. However, do you believe these "sweet spots" exist in your market and if so did you use them as one of the factors in choosing a property?