The Lease requires Tenant to carry a renter’s insurance policy covering Tenant’s household goods, personal property and personal affects in an amount not less than $10,000.00 and liability insurance coverage in an amount of at least $250,000.00 naming Landlord as an Additional Insured.Tenant provided a certificate showing me as an Additional Interested Party, but not as an Additional Insured.

That's just the reality of an area where the median household income is below the poverty line. 

We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?

For our 8-plex, we pay monthly: Garbage $110.77 (1 yard dumpster, weekly pickup) and Recycling $9.60 (two 90 gallon carts, weekly pickup, calculated at $1.20 per household unit) and Yard Debris $6.90 (bi-weekly pickup).

Household income must be at or below 80% of area median income.

For example, 25% percent of households in Bakersfield, CA. are renting their home (per RENTcafé).

Whenever more dollars are chasing the same amount of goods and services, the price will increase.My non-political take: in the short-term, poorer households would benefit with an increase of disposable income.  

These parameters will help decide what kind of yields you are searching for, which you can use to filter down your list of macro markets.Then I would start by looking at the macro market's fundamentals, that is the population, job and income growth over time.After that, I would look to see what the rents and home prices are and how those are trending as well.I would do a similar analysis, but at the sub-market level for the metro area you are considering investing in.Other metrics that I find valuable to understand are household income, poverty, unemployment, and educational attainment.

---------RENTAL CRITERIAGENERAL REQUIREMENTS1.Each adult (18 years or older) must complete an application to rent and background check authorization form.2.Each applicant must provide a valid government issued picture ID at time of application. 3.Each applicant must qualify individually or together with a co-applicant as a household. 4.An application fee of$40 per application must be paid prior to processing the application.5.Occupancy is based on the number of bedrooms per unit.Maximum occupancy is two persons per bedroom.6.No Pets - no pets allowed on the premises.7.No Smoking - no smoking allowed on the premises.We will not rent to smokers.8.No Drugs - no illegal drugs are allowed on the premises.We will not rent to illegal drug users.9.No Firearms - firearms are not allowed openly on the premises.If a firearm is owned, it must be safely stored.10.We conduct full background checks.

They get married to a person with a real job and that paycheck gets dumped into a household bank account.