It is called household formation.

Huntsville ranked the best in this metric at only 14.1% of the median household income.However, the low property tax rate of just 0.41% of the median home value—the seventh lowest in the country—may seal the deal.

So when I showed her my plan, she pushed back since this was outside of our normal household practices.

In addition to some of the great advice above, I would put some serious work into your personal household budget and building up a substantial (6 month) emergency reserve fund.

The tenant segment we've targeted for over 17 years is families with elementary school-age children and a gross household income between $65,000 and $85,000.The only properties this segment will rent are:Type: Single-familyConfiguration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,400 SF, one or two stories, lot size 3,000 SF to 6,000 SF.Rent range: $1,800/Mo to $2,300/MoLocation: See the map below for the areas where our target tenant segment chooses to live.What has been our results following this process?

@Joe DerobertisThe median household income is $18,508. 

I have pre-qualifications questions but they revolve around number of occupants, household income, vehicles, pets.

There is huge cost leverage in population density: from over 1,000,000 per square mile in a big city to 20,000 in the suburbs or 1500 in a small town, just think about the cost of roads per household. 

I have two applications from the same household.

Over half of all households have a pet.