Median household income can be an indication of the area.It's not feasible to manage D-class remotely or with 3rd party management and make a profit.

I think the median household income is like 68k.

Just a case in point, the tiny apartment I live in (800 square feet) the mortgage payment is about 4000 per month, and the typical rent for such a place would probably be somewhere between 1500 to 2000 per month.

But if you're willing to take a tiny leap of faith, I think the returns are solid, the diligence and the integrity are there, and the states/markets/submarkets and the asset class are thumbs-up.

Monthly pre-tax income for household (minimum $5000)7.)

Detached: A separate structure like a tiny house, guest house, or mother in-law suite in the backyard.2.

I also believe many of the people will not have 2nd homes   For example Altadena has slightly high, for coastal CA, RE prices but household income is near the median for CA.  

Maybe some easy refreshing of the mortar but I would also plan on digging down for better waterproofing.Now, no way I would build a tiny little place on that lot.

They have median household incomes of 52k and 55k respectively.

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that.