Times are different now and getting in with low money down heightens risk and isn't as easy. 

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

Low value markets might be Pennies on the dollar like you allude to. 

north of Tampa is an interesting area (about an hour or two) and there are a lot of low end places. 

I would hesitate to say 1-2 years to rotate out but closer to 5 years, and ideally I'd try to get the downpayment higher to at least 10%.I understand your areas though-- they're expensive.

I suspect using 100% expense ratio would be too aggressive especially if PM is charging 15%+.  

., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

My only complaint, and the president is a member here so I don't want him to think I'm dogging the reia, is that the annual fee, which is around $700 now I believe, is too expensive so I don't attend it anymore. 

Those holiday numbers are a bit low, those daily numbers are a bit high. 

The price is about as low as you can go in Southern California.