The demographics and map data don't take the students into account, but they're really what's driving the market.Low property values and ever-increasing student rents are a recipe for a market when you can pick up a duplex in decent condition for $150k, and rent it for $500/bed (that's an EGI of $36,000 annually for a 3/3 duplex).

And we typically only get 4 to 5 snows a year that require the drives to be plowed. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Depending on how much you need to raise the rents to market, the other updates in the building that are needed, how quickly you can rent to market rents will all drive your decision.

https://drive.google.com/drive/u/0/folders/1q4nmVmKhA2nkpnB7...

The cabin sits within a 15-20 minute drive of most popular activities that RRG has to offer.

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

We had a shared Google drive account with all other homeowners information uploaded into it.

Or they are being very very patient to let the amortization arm of the IRR work for them.As they gain experience, money and age, they tend to become more amenable to letting their equity drive their investments rather than keeping it to provide additional cash flow. much like @Shiloh Lundahl's model. 

I like areas like North Hilltop, Franklinton, Reeb-Hosack, and Driving park.