For $50,000 you can have a turnkey low-income Section 8 rental property that generates $7,500/year in NOI.

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

And at the time I considered them low rates.

If you've got people fighting over your listing and competition trying to get into the unit, then you're too low.  

A few showings, one low ball...but this time of year in that area, things just slow down. 

I did have one near downtown that I sold as that crowd was a pain, lots of parties and difficult guests.

Population growth, job diversity, and low DOM (days on market) are significant indicators.

With good credit and a relatively low LTV, they may price comparably. 

In terms of feedback from our team, we’re leaning towards buttoning down the hatches, keeping rent increases low, and focusing on maximizing occupancy in our New England markets.

Some of these renters are capitalizing on low interest rates and choosing to buy, but many are unable to buy due to lack of down payment or credit factors.