Total profits last year—subtracting property taxes, management fees, insurance, and repairs—were approximately $12k (which was then divided into shares for us and relatives).The city is Grants Pass, Oregon, population 40k, with median household income around $50k (50% lower than the national average).

You usually do not have full rent control protection if you live in a single family home (a single family home with an illegal in-law unit counts as a 2-unit building) or a condominium and you (and your roommates) moved in on or after January 1, 1996."

[BLS]Additionally, the separate Household Survey (individuals) saw the unemployment rate (“UR”) rising to 4.1%.

New York City allows members of the public to have roommates in both single-family homes and in apartments, provided that these roommates maintain what is known as a 'common household,' meaning they share the livable space of the dwelling unit," Under the NYC Administrative Code, no more than three unrelated roommates can occupy a dwelling unit and maintain a common household, which means you can take on one or two roommates.

Because I got such a great location, condominium, amenities, and a unique floor plan, I am able to rent it out and cash flow from it.

In the end it comes down to number of people (households) in an area and number of units.

*Immediately report to Manager any presence of mold growth that cannot be removed by simply applying a household cleaner and wiping the area.

Appreciation and Growth: Sacramento has seen around an estimated 256% growth in terms of median household value, with large developments planned and in progress in suburbs such as Roseville, Elk Grove, and Folsom.My team and I at Hardin Realty & Property Management specialize in helping investors in the greater Sacramento area.

The average household income is $84K.

With a household count of 250,000 to 300,000 in Memphis, that represents only 0.05% of the overall market (and maybe half of that when looking at single-family detached).To your other point, starting off with a 25% equity position is a decent position to be in with any market downturn.