@John Warren, I am not currently involved in those markets, but monitor them as I have some interest.

Also, you could consider one of the digital monitoring systems that are really cost effective (I believe there's a company that is a sponsor of the BP Podcast).

When your unit is empty, what do you use to monitor it?

Monitor, don't give them upfront payments, fire quickly, keep the good ones and don't be surprised when they disappoint. 5) Find the best, solid builders near you.

Why are you guys "hating" on the buyers/borrowers for going by the new Vantage 3 scoring that Credit Karma and every other "free credit monitor" service out there is now going by? 

As a new investor, I like the idea of purchasing a duplex to owner-occupy and ease into this new world of landlording, but it seems VERY difficult to find properties that meet these criteria.I have been monitoring the local market by identifying properties that I would be interested in purchasing (based on area, size, price, etc.) and recording their sale price and monthly rental income.2% ruleI'm finding that the range of monthly rental income/purchase price is around .61-.78%, which is much lower than the recommended 2%.

Also areas with high crime are very hard to manage/monitor/access...did you check the crime map for the areas?

As a longtime, seasoned real estate and note investor (as well as mortgage company owner) we certainly monitor taxes (and insurance, too).

With class C, a lot.Below are charts showing median $/SqFt sales and rental rate trends for the properties that we monitor.

Everyone seems very friendly and there is a school with street monitors hanging out, looking out for the kids.