I know that it varies dramatically by neighborhood around me.  

A lot of certain areas in the Brewery town are starting to boom dramatically!

I commented in my Blog posts and in BP forum posts after the auctions last year at the dramatic increase in the Arizona lien auctions last year. 2013-northern-arizona-tax-lien-results The way the online auction bidding works is you bid the lowest rate of interest you would accept on the lien.

At that price point, your potential buyer pool has shrunken dramatically.  

And, I strongly encourage you to think about these areas in terms of neighborhoods, not the entire municipality, simply because things can change dramatically just by crossing over a single street! 

For firsts I am positioning myself now to minimize any impacts on either unemployment going up = more delinquent borrowers as well as hedging against a dramatic drop in prices.

After some careful consideration, I think that I may look at investing in a different area, at least until I can build up enough cash to look at something more local.I was thinking about looking back in my hometown since the prices are dramatically cheaper, I know the area well (spent 18 years of my life there), and I know the people...I think this will also give me more of a chance to get my feet wet, get some knowledge, and then allow me to scale it upwards once I have the additional income, and more knowledge...

Management: $305Common Electricity: $15Heat: $0 (Converted to individual heating units)Water: $125Trash: $65Lawn/Plow: $85Vacancy: $250 (Approx. 8%)Repairs/Cap Ex Reserve: $315 (Approx. 10%)Monthly Cash Flow: $700  Down Payment/Closing Costs: $46,000Initial Repairs: $7,800 (Roof/Exterior Paint)Heating System Conversion: $5,500 (From K1 to Individual Rinnai)Total Cash Invested: $59,300Cash on Cash Return: 14.17%Going into this deal, Cash Flow on paper was only about $150/mo, but we made some very easy changes to increase that dramatically. 

(not the busiest street but not the quietest) Will the street dramatically reduce our cost per sq. ft even if we are the best of the best on the market at that time?

Again, I know it might be a dumb question, but any info will help dramatically!!