The disadvantages are that since they are smaller and “cheaper”, you have more competition (including hotels at that point), hard to find a property manager that will manage them (they are higher maintenance, you have to take out trash and recycles, etc), and there is a limit to how much you can charge since there is so much competition.

@Manuel Angeles - here's a great article on RE cycles: http://www.extension.harvard.edu/inside-extension/how-use-real-estate-trends-predict-next-housing-bubbleI haven't experienced the full range of a cycle, but it looks to me like we're in the declining vacancy, new construction phase (i.e. still on an upswing).  

First in the incredible mountain of trash from purchasing new furniture, and buying in some markets where it is different to even find basic recycling, and then in the way guests create so much waste during their stays.

The trash cans and recycling bins are back there as well, sitting outside.

Type: Two separate properties, a 1/1 with an upstairs that could be usable as a bedroom, and a 2/1.Extras: Three way carport and a off unit that has a side for a car and another side for storage.Location: A corner lot that has a busy street on one side and across the other street is a aluminum can recycling center.What other information can I provide to help you all out?

You would have to recycle so much metal, which could also be a good thing.

"We need milk and eggs," makes me throw "milk" and "eggs" onto the grocery list real quick.

Metropolitan Statistical Areas are by definition large and encompass great swathes of regions and whilst this information is useful background information, remembering that one of the distinguishing features of the Real Estate Asset Class, as compared to other classes, is it's highly segmented character.The most profitable ( and some would say, risky) revenue streams of RE is appreciation and that's what you're trying to determine when you are looking for how to determine which stage of the RE cycle an area is in but within Sarasota, Tampa and Jacksonville for example, are a myriad number of micro-markets that could provide an asset that over the next 5 years would create a huge loss or a huge gain based on the characteristics of the micro-market.

Landlord requires supply andmaintenance of the following utilities at the unit: electric, natural gas (ifapplicable), water/sewer, garbage/recycling. 

I'll have loans for longer, but I can recycle my capital and invest into more deals!