Clean, friendly, activity rich and lots of employment driving growth as far as I found. 

If you have the money and can purchase it, go for it as soon as you can, don't wait for the perfect time, you may lose out on something that could be a great deal.As it has been said, mistakes are made by everyone so don't lose hope after reading about others mistakes... learn from them and your own experiences.

And maybe reading that will help give you some ideas as well.Hope all of that makes sense but feel free to reach out with any other questions. 

Just getting started, and doing a lot of reading, listening to podcasts and educating myself.

Quote from @Adam Bartomeo: Sounds like someone didn't read their contract and do their due diligence.

Of course, you won't listen to this common sense because you know more than everyone else here on BP and will have to learn the hard way.So, recommend you find and attend some local investor meetings or commit to watching all the videos and reading all the material here on BP that you can.Good luck:)

The last few years I’ve seen it as pointless, as it was never a hard rule to be followed explicitly but a suggestion, and it seems like the only ones today who give it any credence are those brand new to REI and have heard it discussed on the older episodes of the podcasts or read about it in the books BP published 5+ years ago.

I think I read about some deals this strategy in one of Ken McElroy's books but not sure if that's even a real option or just a good line to add to a book. 

Breakeven Analysis: I’ve read about calculating my breakeven occupancy rate, but I’d love to know more about how others in rental arbitrage set up and interpret this analysis.If anyone has a process or checklist for analyzing potential arbitrage properties, I’d really appreciate it!

Actually more becuase now you are self-employed and have all of those pesky overhead costs.