We're putting in mid-to-high grade components and are appealing to a younger buyer (newlyweds with child coming in the next year or so) and quartz seemed more targeted to a younger demographic. 

And for those who are in their 30s and think they will retire with paid off rentals, don't forget to factor in the following:Maintenance, taxes and insuranceDepreciation for your heirs to repayUsually good appreciation at first and then slowing in later years,,,why followsEconomic devaluation due to properties maturingChanges in demographics of the community, hot areas don't stay hotCompetition of comparable units and and newer unitsDecline due to obsolesence, may not command rising rents foreverMaintenance issues deferred become rehab projects years laterTax benefits die outGovernmental regulations adopted may cause additional expensesVariable costs increase- with stagnet rents (ie, taxes and insurance)Property becomes inefficient and functionally obsolesent in the market.Buying a 15 year old SFD when you are 30 and keeping it till you are 65 gives you a 50 year old property......now go into neighborhoods with 50 year old properties and see what the market is like inthose older areas.......I suggest you buy, do a 1031 or sell and upgrade your inventories.

It’s agreed that lower demographic properties have greater volatility and a much greater chance of having a disappointing (if not outright negative) ROI for longer stretches, due to evictions, turnover, lack of good tenants due to high unemployment, and general social pathologies and bad financial habits among the lower-income tenant group.

However, if you sign up with Loopnet and pay the annual fee, you will find it as a great resource for market data i.e days on market, price sold, property financials, employment statistics, zip code / city statistics, demographics, etc. 

Glenn is spot on also.At a pivotable time, Enron and Lehman Brothers were a really good and undervalued deal to be had also.My strong suggestion is to hire a very expensive demographer and ask her about the tenant mix and what is the future of your subject property.This small investment might just save you an expensive education.Be well,Tevis

If you are a serious / interested investor, please contact me with your desired acquisition criteria: Specifically:+Type of property+Demographic+Acquisition Level+Acquisition Timeline-Paul [email protected]

But the houses and rents look good and they look good and the demographics show median salaries seem a little higher than the missouri in general.

You may get an offer you can't refuse immediately, or you may have to go through a long process to do your build to suit.Without knowing the area and the accompanying demographics and growth, regional and national tenants may or may not be a possibility.A "lease/purchase" type of agreement is fraught with hazards; as, some courts have handed down rulings that have harmed sellers entering into such arrangements.

The suburban markets with strong demographics is where many of the good buys are.

Its got solid demographics, low crime, average appreciation potential (nothing exciting), and a fairly solid rental market.