Meaning the quality and retention level of renters is high and thereby increases demand for new rentals with the increasing population growth of 1% per year.- Mobile is home of Mardi Gras which brings in a whopping quarter-of-a-billion dollars in revenue and sends hundreds of thousands of tourists to the city each year.- Mobile has the only cancer research center along the upper gulf coast providing a wide array of medical jobs to the area.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.

PM's are like the market themselves, they seem to go up and down in quality to some degree, plus truthfully you'll find some that are more experienced in specific locations than others are.

hahaI am a Chicago General Contractor...do you have any tips we might be able to implement to find quality subcontractors? 

@Joshua DunlapRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Avoid Lawson, one of my clients got in trouble bc of their terrible quality issues.

Check Greatschools.org or Zillow.com for school ratings.Investment Strategy:A-Class Properties: Lower risk, lower return, suitable for long-term investors looking for stable, high-quality tenants.C-Class Properties: Higher risk, higher return, appealing to investors with limited capital who can manage more properties for less initial cost.In summary, choose your investment neighborhood based on your risk tolerance and desired return.

If you do not, you may get bids from contractors that can not be compared to each other because the contractors have a different view of the quality of work or materials you envision.

Arizona and going for quality properties vs. quantity and long term goals and passing on generational wealth. 

The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.

No matter how well maintained, the quality of being brand new no longer exists once it has been lived in.