I am current in the process of negotiation for a 4 unit 1bed/1bath  property seller is offering owner financing or full cash payment here is the run down and give me your opinion on it .asking price is 62,000( accepted 60000) 30 percent down7percent interest5year balloon(paid cash or private loan )10 year amortizationcurrent total rent (all 4 units total)=1350dollars a monthall utilities are paid by tenants (electricity and water),no grass to be cut (all concrete)now I plan on managing myself even though its a 3 hour drive from me(plan on getting local handy man to take care of maintenance when needed.note this is in a military town.but it does have a diverse population with job opportunity other than the service.I will like your 2 cents on this deal..another thing the building is made from concrete blocks(don't know how that affects anything..just threw that in there),,thanks

Sara,Personally, I do not get termite treatments on my rental properties nor do the majority of the investors we manage for.That said, if I owned only one house, I would be much more inclined to do everything I could to protect that specific asset.Across a diverse portfolio of properties, the law of large numbers kicks in and you don't have to worry so much about one off events.  

Then other factors to consider:  1) Rent and Vacancy trends - need to see trending up above natl avgs.2) Diversity of Industries - you don't want that one or two employers in a downturn impacting your investment.  

It's all dependent on economic clout and power.At the same time, people say to invest in a market with a diverse economy.

It depends on many factors: employment, broader US economy, migration trends, city revitalization initiatives, economic diversity of the area, etc.

Others chose real estate because it's another form of investment diversity.

We should value diversity. 

Logistics has really taken off and Bakersfield's economy is more diverse than ever, but oil is still a major industry in the area and will have some effect.  

Many people are diverse in that some folks like the big multi family others single.We presently have only single family.

As Jon stated, the Texas economy is very diverse and oil and gas are just one component.