I’m sure you’ll agree that you live in one of the most expense real estate markets on the planet, but outside the city there will always be those blue collar communities that are home to mainly service professional types.

I find that cap rates can be very deceiving because these depend on how the seller either operates the property, or what their "proforma" says (usually a very blue sky), and if you're dealing in the 1-4 unit space, this can be all over the map with some less sophisticated sellers leaving out basic opex items like property taxes (I've seen it!). 

The fact that they could take generic aspirin, a generic Tylenol knock-off and drink some coffeee to achieve the same therapeutic levels for maybe 1/5 of the price is unimportant.You can talk to these people until you're blue in the face, and they'll still go out and buy Excedrin when they have headaches.

Agree with @Rhonda Blue i prefer it better than multifamily

In Maine, it's very common for landlord supplied heat simply because heating oil and winters can be so unpredictable that both lower income tenants AND financially savvy blue collar tenants lean toward "heat and hot water included".

They are also taking a vote to have all exterior lighting the same since we are the only homeowners that have a blue light in our post outside (blue for police support).

I don’t have any interest in Trulia blue areas.

As a true blue atheist I don't pay any attention to this type of babbling but if it were to happen no one will continue to exict so who cares.

Unless to tailgate, that's okay.Lafayette in turn has your true blue collar, struggling, uneducated factory worker.

I am on 10-day option period and trying to resolve the issue (to make it a normal looking house).Blue is current access to garage.