Another bonus is diversity: an area with lower owner occupancy rates will tend to be more diverse, so your kids will have the good fortune of being exposed to cultures other than their own.

Looks like you've got a very diverse background and I must say that so far, your contributions to the site have been worthy.

Wow that is a pretty diverse back ground you have going.Welcome.

Tips:  If you haven't found it already, you can find the Ultimate Beginner's Guide here.Set up keyword alerts so you’ll get a notice when a forum post mentions something you’re interested in:  http://www.biggerpockets.com/alerts examples: some of my keywords are Sacramento, Rocklin, Roseville, renovation, financing...For an eclectic mix of new ideas the podcasts are usually pretty diverse and an easy way to learn about aspects of REI you may not have considered.  

Because you've got a diverse market in that area - working professionals, families, college students, post-grads, etc. - you won't have to worry about demand, especially if you're planning to make the property nice.

Diversity is resilient in my business experience.With all of that said, I have been looking at cities that are seeing growth, particularly in industries that are positioned to last, that have a lower barrier to entry.

It's hardly rare as two on a lot (single parcel) is fairly common in certain areas, especially LA county.LA county is big AND diverse, since you don't even hint at the community or zip code or if this is a big house with a granny flat, pretty hard to guide you. 

It shows that investors truely are a diverse group!

It would be nice to get more diversity, as not everyone is a rehabber, or investors for SFR; and unfortunately that's what most of the discussions are for.

This will be proven by our membership which I believe will be diverse from new investors will little net worth, to very expierenced and wealthy members.Of course everything I said above can be countered with why investors are good for society, how they make the engine of capitalism function, etc - my avatar is Atlas Shrugging and walking away - I get it.