Hi @Denise MacDonaldUse this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onhttps://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

I was a part of an incredible videoconference last night and I got answers to some of the questions above. 1.)

Speaking to them was incredibly eye-opening.

Thank you all for the feedback, it's incredibly helpful!

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Yet, the current market conditions in Australia (especially Perth) are proving to be incredibly competitive.

The great Recession was incredible brutal.

P.S: All the applicants have good credit scores, 3x income, and no criminal or eviction history.

Income greater than 3x rent, 620+ credit score, etc. etc. 

But then still paying 5k and also covering repairs.It just seems incredibly risky to me.