@Gino Barbaro is dead on when he pointed out above, this is a different era and the CAP rates have remained compressed longer than most MF investors have expected due to three factors 1)Downsizing Baby Boomers, 2) Gen X/Millennnials delaying the purchase of a house, and the rapid growth of migrant population coming from countries where home ownership is not even a possibility for most. 

Migrant farm workers are employed all over the country as are unskilled laborers, construction workers, landscapers, etc.  

Migrant visa, starting a business, identifying a property etc all take time.

If I look at teh migration patterns over the last few years, Austin has been getting an influx of migrants from large cities from the coast and even within Texas due to the high cost of living or Austin having a more relaxed and family oriented life style ... or the tax savings :)

However, the vacancy rate in Yakima is always very seasonal due to the significant amount of migrant workers that arrive every fall for harvest season and then leave when the harvest is done.  

The plus side is the rent is low for the area and it draws ton’s of migrants who rent for ever and ever.Based on the cash flow, I see this as a good investment for my local area and it fits my investment goals and budget.

Could you Rent it by the room to college kids or migrant workers ?

There Are many human mechanics that do not translate into machinery, or even hiring legal migrant workers.

I live and work in Kansas, been here about 7 years now (never seen a tornado) but I just recently noticed a phenomenon. The company I work for at the moment is right between a Motel 6 and a Days Inn (not an advertisem...

Their parents were migrant farm workers who moved to California during the Dust Bowl just to survive.