Orange County housing inventory is at all time historical lows. 

I live in a historically low income area so I always run into issues with people being able to pay rent.

While rates overall have been up from what we see there has been a need to lower rates in the past 2 months and based on historic data we anticipate the same for the winter season as well to attract the top residents to properties. 

If the property has historically operated as a 2-family and the rental license has not lapsed for more than 3 consecutive years L&I will continue to honor the 2-family use.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I personally wouldn't go above the historical rate of inflation (closer to 3%), and always underwrite my deals as 2%. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I am reading some rules on needing to be historic or commercial zone but the jacksonville website does not mention any of that.

The Bronx has historically seen a lower appreciation rate and a slower deal momentum overall, compared to other parts of the city.

California has historically appreciated over many years and continues to appreciate specifically with coastal areas where there are land constraints.