I think the short term effect on rents is virtually zero - illegal immigrants usually live multiple numbers to a home, rather than everyone having their own space like Americans - but longer term there may be some softness at the bottom levels of rentals. i would be more concerned about the lower economic job market than I would be about rental housing.

For the past 4 years I've been focused full-time on the niche of pre-existing non-conforming land parcels and/or land that is considered undevelopable.Basically, I focus on rehabbing lots instead of rehabbing houses and I have virtually no competition up here in the New England Area.Is anyone else here doing this?  

MiThank you, I believe virtually all markets are over valued, but over the long term many (including my primary market) will have appreciation in excess of CPI. 

And it also feels like I invested in a virtual company where there is nothing solid. 

It is a number that virtually anyone would find to be reasonable (I believe it is 6 small holes per wall). 

Most (virtually all) are giving values below the main ppsf. 

If you stage, consider a virtual stage.  

The most recent job fair featured over 20,000 open positions.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.

Plus virtually every city of note has a REIA with monthly meetings and other meetups.

Also, consider joining local real estate investment groups in the Ashtabula area - even if you attend virtually.