@Max Householder Thanks for the kind words.

These are painful, but they help save some household operating costs.

Cary is one of the highest average household income areas in our market.

Yep, need a larger portfolio (and to add value and/or purchase properties that will have organic appreciation).Making $120k annual household income would put you in the top 13% of households in the country. 

It doesn't guarantee their income is sufficient, but what I've found being in this business for almost 15 years is that most of my evictions have involved someone with income less than 3x the minimum.It is good to consider the reason WHY this rule is what it is:The majority of rentals in my medium size Midwestern town (Springfield, MO, population 160,000) are between $500 - $1200 per month, meaning most renters need a household income between $1,500 - $3,600 or greater, depending on the Class, location, etc. of the rental.  

Census- Census has some other population metrics like median household income.

Things like unverifiable income, undisclosed debt, or even just having too much household income for your area can cause a loan to be denied.

I found the best notes for us to buy was from thrifts  Household finance types that were in foreclosure I would buy those 2 to 3 weeks from the sale date do a substitution and carry the foreclosure through and either own the asset or get paid off is someone else bid it.. we did quite well with that one until new management came in and would not sell many notes this way anymore. as for training I only know of the controversial ( being kind ) Scott Carson and Eddie Speed and I think Mr.

@Justin BoggsIf you look at city-data.com you will see some census data on that area:Median household income: ~$24k - that # goes up as you get closer to the Georgia line.Unemployment: between 16-22%Residents below the poverty line: between 21-35.5%From that data, I would classify the area as a C or even D class area and everything that goes along with that.

As you can see, median household income growth is 4x more correlated to rent growth than population growth.