That infrastructure access for transportation to circumvent the city is a definite factor.  

It's inevitable - they are 5 minutes from downtown, close to public transportation, and have great multi-family homes that can be easily converted.We still have a significant amount of units in Cambridge and Somerville though - if you can find the right place, it can be converted almost immediately there, just because of how affluent the neighbourhoods are.

He have a diverse economy (forestry, mining, transportation, tourism, regional hospital, college, 20,000 people) and cap rates between 5-10% or higher.  

Home had already been renovated where kitchen and one bath had upgrades plus a carport had been enclosed.

We look for deals in MSAs with an existing trend in population growth and economic developments that will fuel continued expansion, such as corporations moving into the city, developing transport and communication, etc.Schools – Depending on the asset class, we like to see the assigned school’s rating at an above-average level.Investing in a sound submarket with a growing population is the basis of any real estate investment.

It has a port, airport, good mass transportation, arenas, low taxes and close to NYC.. the thing is, everyone is waiting for the city to turn around as a whole like Brooklyn and Harlem did.. the old mayor Cory Booker brought in a lot of outside interest and high profile names.  

For example private Equity, dry shipping and transportation are 2 others I can think off off top of my head.And yes those K1s can be a pain!

When an applicant questions why we need them to show us proof of income or income equivalents of 3x or 2.5x the rent, we explain it is so we will know they will be able to afford their rent in addition to their other living expenses such as utilities, food, clothing, transportation, medical care, recreation, home supplies, home furnishings, etc.

* to maximize layout and space I need to blow out the back wall (structural) to connect these rather large and enclosed back porches.

It's the equivalent of asking a BMW salesman advice on a car you can buy and then calling himself a "transportation consultant."