There is a persistent segment of the population that is going from middle class to upper middle class (if you will), and that is driving the bulk of gentrification in places like the Bay Area, costal CA , Hawaii, NYC, etc.

What you point out makes sense to me; consumer lenders cater to the demographic segment that has zero disposable income and is all the sudden facing higher prices for gas, groceries and rent!

You can get the study from CBRE for free, I'd try googling it to find the link to sign up to receive it (you have to give your email address & get on their list).By the way, 8-10 cap rates is more of your D-class type of stuff, probably not the best sandbox to play in unless you are particularly adept at navigating the management nuances of that particular segment.

WHAT I HAVE DONE THUS FAR: My research (frequent drives through the market) indicates that though Chattanooga is a relatively stable tertiary market, the MF segment in my target area (the downtown area) has high supply, which may take a while to move through the system.

If your market it highly competitive, you don't want to put all your resources mailing to just Absentee Owners.Two owner occupied segments have had success - without being over-popular yetSeniors with Long-Time Ownership - 15-20+ year ownership, age 60-89, specify median home values and eliminate known low equityOwners with Low Financial Stability Scores (FSS) - Struggling financially, 5* year ownership, age 40-89, eliminate known low equity, and specify median home value.Your list broker can run reports for you and most will charge the same $ as the online systems like ListAbility or Listsource.

My guess is there is a real GC on site at these properties managing the project while the star is going from house to house filming segments here and there for the show. 

These high rise sales didn’t exist last August and they are pushing the median price up.A better indicator of the market would be the resale segment.

Study marketing, segmentation and niches.

The site is all about selling you tools for one market segment: mortgage defaults (so REO and defaulted notes.)

Hoping you'd be will to share some insight to how you operate in (what seems to me) a tough long term hold market segment.