In that area people would frequently convert houses into several distinct apartments and rent them out separately.

This might be a distinction without a difference, but I like to count it as a small win.

I understand the distinction you're making, however. 

The full report that I linked to does provide exactly the relevant distinctions you mention.I won't say these numbers are un-spinnable, but I do believe the overall trend is undeniable: How many of us chose where to live won't be driven as much by where we work!

@Kevin Raye Also my last post assumed you were doing some flavor of the BRRRR method, or flips, or something other than purchasing turnkey properties where you have a way to recoup capital out of any given deal.

Hi @Drew Hoffos, I have done both apartments and non commercial properties, they are just different flavors of the real estate game. 

I don't make a distinction and I have been doing this 15 years.

I would note that while you may find similar properties in each of "Dutchtown/South Hampton/Princeton Heights/Holly Hills" on average those are rather distinct areas with different property types, prices, tenants, expenses, etc.

The rents do not support the asking price and the seller flavors that by minimizing expenses and allocations.

I think there is a lot to learn about the 'flavor' of a neighborhood.