I recently purchased a small seasonal rental in Lexington, Michigan (a beach town), and have been seeing alot of very good-looking deals in two-family homes near the Hospital and College campus in Port Huron: two-flats for under $70K, (average rents for 1/1 $550; for a 2/1 $650-750) low taxes, recent capital improvements,  BUT, I've also read alot of negative forums regarding crime, and the crime statistics for Port Huron are WAY higher (in certain parts of the City) than either the Michigan or the national average.Anybody have any insight into what's going on in Port Huron, Michigan?  

I just saw a statistic online (no clue how reliable) that said that my town has like 6500 home and like 4000 are rentals.

Unless you have a huge number of rentals (especially apartments), the statistics don't apply.

Now some will say the same for the NYC metro area however those statistics don't show the influx of the international crowd coming in.  

Statistically tenants that can afford the $1,000 in rent and qualify are better then lower paying tenants. 

Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future."

At least pull crime reports and other statistics for an area.In a couple years with the next down cycle you will hear of all these investors and also home owners facing foreclosure again just like 2007.I like higher quality areas because equity growth and stronger rent growth and stability is usually present over long periods of time.

Here are the year-end market statistics for the South Florida Real Estate market (Broward and Palm Beach Counties)As you can see...The number of listings is decreasingList Prices have leveled offAbsorption rate increasingDays on Market (a leading indicator of price point validity in my opinion)This data is for residential properties.

Originally posted by Account Closed:I hardly go by this statistic however...

As fan (nerd) of sports statistics, maybe I should have stopped with this one call and finished my career with a 1.000 batting average...but I digress!