These areas tend to provide the best balance of affordability and rental demand.That said, Detroit’s market is unique.

The voters in Red States would never allow a national rent control.

This requires an income that allows you to maintain your standard of living throughout your life.

We have a niche market due to the hospital and university which has pros and cons but my properties have continued to perform well for me.  

Work in a balance reduction if you pay it off early?

The impact to a balance of 100 or 200k is substantial.

Well, I guess this says it as well as I could.This growth in ADU establishment goes hand in hand with progressive changes in Michigan's zoning laws.

Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!

Realistically you would expect the house to continue to appreciate during that time as well... even if at 3.33% appreciation - that is another $50,000 in appreciation you would make in the 3 years - give or take.  

This further offsets your daily minimum balance.