If you have 1 tree and it grows you have some shade.

Ron's method of selection is not typical. 

You can also get Quarterly update report of a selected market from M&M.

It really helped me get a good foundation and also helped me to select my target area to focus on. 

@Peter Arroyo I’m sure you’ve already planned for this, but be very cautious on the tenants you select, especially if students.

Suddenly the tree shading their windows is cut down, there are leaf blowers going at 7 am on the weekends, water shut offs 'for maintenance', etc.The issue here is that whatever his play is (and it doesn't matter what it is), you are along for the ride because your only remedy is lawsuits if he's not playing ball. 

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

With the turnkeys too comes a lot of built-in expertise--neighborhood selection, property selection, rehab, etc. 

We selected an area that had good summer rentals (obviously because it is a lake house), but we also found a lake near a very good football program so we could also get fall rentals. 

If the market does adjust you will be ready and can be more selective.