My other tenants work blue collar jobs at the steel mill or similar type of job in the area.

CUP‐22‐008 – Andrea Davis is requesting permission to operate a short‐term rental on her property located at 3787 State Hwy JJ, Blue Eye, MO (13‐4.0‐20‐000‐000‐039.000).

Tract books were supplemented with additional records on little blue cards known as micro fiche sorted by time and name. 

Inexpensive cash flow opportunity in good, solid blue-collar neighborhood - at a time when I was making decent money in my W2 job.

I haven't explored this much but I think it would be an interesting strategy (this is assuming you don't need the cash for the next ~3-5 years minimum):Invest the whole amount in something like VTSAX or the S&P500 or whatever big blue chip stocks a lender likes and pull like half the amount out in a loan or some kind of line of credit.

typical blue sky ... buyer beware... 

This may not be an increase on a national level, and I expect this to occur first and more blue collar areas and those areas that had seen significant growth over last three years.Will we have another 2008, I do not think so.

Blue states are tough, but i also don't forecast seeing the same appreciation rates in other places as I have in my backyard.Sometimes  the ROE falls below your target min simply because it is now worth so much more. 

So many simply tire of trying to find the unicorn deal all the while the  Nice " man in the Blue Suit has gotten rich on your dreams" One of my favorite lines from Stevie Winwood and the Low Spark of the HIgh heels boys.

(Also, great url -- Blue Crab Cove -- and your listing looks really nice.