Secondly, at your stage in life, it may also depend on whether you are counting the income from this rental in your household operating income.

You’re essentially setting up a new household and that always turns into a lot of money and time.

We are interested in that area due to the low property prices and an average renter-occupied households.

Typically, depending on the size of the household, number of units in the building, and the cost of water use, I charge between $10-25/month extra for washer/dryer hook-up.Tony D'Anzica, JDDynaMax Realty, Inc.Property Manager

Some facts of the house:Location: Nassau County, NY, Town of HempsteadYear built:1929Purchase price: 290,000 in 2013Condition: AverageLot size sqft: 5000Livable sqft: 760I'm seeing several houses in my zip code that have been demolished and rebuilt into new houses with the maximum allowable livable square footage selling between $1.0M- 1.2M.Which is a better option taking into consideration, profit and capital gain tax (assuming my household income of 80K)1) Should I sell this house as is at $450K2) Demolish this house and rebuild it without taking out a loan.

I scored the 380-ish markets based on metrics that correlate to rent growth (specifically: unit supply, median household income growth, job growth, and population growth), but I don't think the score is as important as all the supporting data (which is also in the spreadsheet).The spreadsheet focuses on drivers of rent increase and not drivers of property appreciation (though they're pretty much one in the same, really) because I'm a multifamily buy-and-hold guy myself.If you're like the spreadsheet, shoot me a colleague request with a message like "Send me your spreadsheet" (because we have to be colleagues for me to send you an attachment).All the best!

This is important to my wife and I in the event that the rental market in Nashville goes through a correction we can drop rents without having to make up negative cash flow gaps with household income.

This may rule out taking any further steps. 4) Compliance is something you must strictly adhere to if you are get awarded the credits-specifically the affordability component--LIHTC Developments must serve individuals whose combined household income is at or below 60% of the Area Median Income.

Households bringing in over $200k now are common. 

Some good metrics to look at:Median home priceMedian household incomeMedian rent price (specific to bedrooms/bathrooms or square footage)Population growthFor cashflow: price:rent ratioFor appreciation: look for significant economic drivers (large scale employers, tourist attractions, development/construction, employers moving in, etc.)