The median household income in Henderson is $62,592 a year, and when adjusted for the city’s low cost of living, it is about $600 higher.

These parameters will help decide what kind of yields you are searching for, which you can use to filter down your list of macro markets.Then I would start by looking at the macro market's fundamentals, that is the population, job and income growth over time.After that, I would look to see what the rents and home prices are and how those are trending as well.I would do a similar analysis, but at the sub-market level for the metro area you are considering investing in.Other metrics that I find valuable to understand are household income, poverty, unemployment, and educational attainment.

The fine is for use OTHER than normal household use. 

I'm going to be getting into some rental properties but I have no income (my husband is the only working member of my household) so I was worried about how many loans we could get. 

@Joshua Dorkin The big thing we have changed is our household budget.

I suspect most people are naming their net monthly household income from the rental properties, which excludes their personal home mortgage, car payment, etc.

Groceries run me anywhere from $200 to $400 a month, just depending on whether I'm stocking up on household stuff or not.

However, we have a joint account for household and everyday living expenses.

I've decreased my expenses as much as I can (cant slash the cable, because that's one of the agreements I made to stay here + take care of the yard and things in the household). 

Needs to replace current monthly household income...so basically I’m screwed.