If rents are depressed in your area, can you get enough rent to cover the cost and still make a satisfactory profit?

Even if you say something like "I'm looking at the Southside," the population of the south side neighborhoods alone is larger than a lot of major cities (comparable in population to places like Denver).

Regardless you should look into cost segregation analysis for depression/tax write-offs. 

Urban sprawl also depresses property prices and rents over time because people can always move further out and buy or rent less expensive (and newer) properties.Non-Coercive GovernmentEvictions - You must have the ability to cost effectively and quickly remove non-performing tenants.

Just look at so many of the comments in this post, espousing that the economic system is so simplistic as printing $ = bad, GDP down = depression..... these are persons who are clearly still at the "finger paint" understanding level of Keynesian Economics. 

For example, Ontario is a growing area, likely to surpass Los Angeles in near future growth because of the availability of space, an international airport, and the crossroads of major freeway corridors.

As a result, this is putting immense stress on her and the overall relationship.I called my dad the other day asking about what his plans were for the holidays and he told me he was depressed.

I did know that in 2014 we were going into a small depression, and I intended to be in good shape to weather it, so I stayed cautious. 

Fortunately I like my teaching job anyway.I'm not trying to scare or depress anyone, just expressing caution.Suzanne

That's an extra $9,000 being left on the table, but not sure if that's of major importance to you.