Finally, I would ask for the maximum allowable security deposit to make up for their income shortage. 

There's no shortage of white picket fence neighborhoods with serious violent crime issues in So.

http://news.aol.com/article/bullet-shortage-in-us/684136 fwiw....

The college has been growing very fast and there is a shortage of housing for students. i find that i can rent out my duplex fairly easy, mostly to 30ish year olds that are sick of the college town atmosphere.

At least in Northern Colorado there was almost 0 building and that created the shortage we are in now.

No, because the demand has surpassed the supply rate.When demand gets above the replenishment rate of the supply, you get a shortage.

@Meghan McCallum,The part I think you got right pertains to needed refi's in the days to come.Now that interest rates are finally rising after such an extended period at record lows, any properties depending on Cap rates are going to see a significant change in value.In general, of course, my belief is that the housing shortage will support residential properties and maintain the demand for rentals.

Los Angeles has a housing shortage, which is getting more severe.  

Heard many horrible stories about shortage of food and water supply, not to mention electricity and internet/phone. 

Now on the other hand, Dallas does have a shortage of new housing so it’s a good time to strike while the supply and demand is in your favor.