I wouldn't rent a 2 BR to two couples (or even a couple and a friend), let alone 4 related adults.It all boils down to the type of rental you have and what type of tenants it will attract.

@Mike D'Arrigo You are correct, Jackson County has some very attractive places as well.

The problem is that to attract this market to my condo, I have to keep competitive rents and currently there is a lot of "non-real estate investors" that rent their apartments at a rate high enough just to cover their mortgage (i.e.

I am in exactly the same business/ situation and am developing our web presence to accomplish a long term goal of attracting other investors to us, give us a forum for some blogging & information channels and giving us an eventual portal for our tenants / homeowners.

I'm attracted to the idea finding my first deal this way and using the proceeds to fund strategy #1.

My personal opinion is that new construction is always more exciting and has the WOW factor that older rehabs don't have, and would seem far more attractive and easier to draw in investors with.

Keep a few in your wallet and car and when you are filling the tank, talk to the person at the other side of the pump.  

If you can find out what other local brokerage agreements are, then decide what you can afford to do to attract top producers to you.

What quality of tenant would it attract?

The new brewery attracted all kinds of crowd from SF and the surround areas.