Lucie, FL 48.96 166 24 81 Greensboro, NC 48.87 35 135 82 Long Beach, CA 48.71 163 39 83 Oklahoma City, OK 48.69 43 116 84 San Jose, CA 48.53 156 45 85 Arlington, TX 48.46 89 78 86 Denver, CO 48.42 127 61 87 Nashville, TN 48.36 77 92 88 Los Angeles, CA 48.33 172 33 89 Lexington-Fayette, KY 48.21 61 101 90 Atlanta, GA 47.95 118 71 91 Billings, MT 47.92 51 124 92 Anaheim, CA 47.87 167 43 93 North Las Vegas, NV 47.78 47 122 94 Oceanside, CA 47.64 178 14 95 Chattanooga, TN 47.63 85 91 96 Little Rock, AR 47.33 25 160 97 Washington, DC 47.21 64 110 98 Albuquerque, NM 47.18 20 147 99 Oxnard, CA 47.13 152 51 100 Cincinnati, OH 47 103 89 101 Minneapolis, MN 46.97 110 87 102 Portland, OR 46.93 124 76 103 West Valley City, UT 46.91 100 90 104 Columbus, OH 46.83 87 95 105 Missoula, MT 46.75 65 123 106 Pembroke Pines, FL 46.7 175 20 107 Garden Grove, CA 46.66 176 19 108 Fayetteville, NC 46.65 21 168 109 Riverside, CA 46.53 129 75 110 St.

Recession resistant asset class (people downsize, move in together, move back home, etc. during recessions)Cash flowing asset (not dependent on market appreciation)People buy a lot of crap and toys during good economic times (and need a place to put it)75% of the facilities in the country are owned by non-institutional owners (opportunity for adding value)Small ($10-30) rental increases create large increases in NOI and property valuationSticky tenant baseUnits are easy to maintain (brick and metal, no amenities, little landscaping)Location, population growth, and barriers to entry matter. 

Your 89,900 property has a replacement value of probably 200k or more, and that's without the land, driveway, landscaping, water and sewer laterals and garage.

For most national intermediaries there's a pretty tight range around $750 - $1,000 for a garden variety exchange. 

Is the basement unit garden or is that considered unit 1?

With vacation rentals (especially in upscale, high-revenue areas on the beach) amenities such as pools, lazy rivers, landscaped grounds, exercise areas, etc are key in attracting year-round visitors.

IE special landscaping care to prevent dead grass, forcing the tenant to obey leash laws, requiring copies of shots, and licensing of dogs, forcing tenant to have additional insurance for the dogs that protect you?

I used to have tenants mow, got too many complaints, now I have a landscaper do the mowing.3.

This is a 3 bed, 3 bath, 2200 square feet house, no basement, two levels.The rehab includes 3 baths, kitchen, flooring and indoor and outdoor painting, landscaping, all appliances.

Also, a shed in the back houses lawnmowers for a landscaper paying $75 a month.