People are moving away, incomes are flat lining to declining, government assistance is becoming more common and taxable base is decreasing with buildings and homes shuttering.You can hit STNL 5% cap or higher in amazing areas all day long.

Mailing is an expensive, crowded, and decreasingly effective medium.

Often excessive rent growth can lead to abrupt halts or gradual rent decreases, most of the time due to too much construction or people just moving due to the high cost of living.

If you cut corners here, it will reduce the rental amount for your units for and it will decrease the value of the complex.7.

This is important because during the last downturn the HELOC lenders DID decrease the amount of drawing power after the bubble burst. 

The risks in investing in depreciating markets are, but not limited to:Tenant quality (may not be great)Size tenant pool (potentially decreasing)Risk of being forced to decrease rents (may turn your cash flow numbers into losses)Exit strategy (loss of property value, fewer selling options, etc.)Loss of property value and loss of rents (point of investing is to actually profit...)May not be able to survive a market crashHope that helps!

Dramatically decreases risk.

Also, call your insurance company and see what type of decrease, if any, you can expect to see when you change your policy to a rental policy.Good luck and feel free to PM me if you have any questions.

For me, it is because I am after an income producing asset, not really the income (at least not in the traditional sense), so I think in terms of number of doors (but do the math in my head for my market to take into account my experience with rent increases and appreciation plus the decreased management costs per door since I run my own crew (doubling doors doesn't mean I need to double costs, for example, I don't need an additional dump trailer etc.)My guess is that people who are not relying on the income (or at least not all of it) to pay their household bills might think in something like doors or return percentages and people who are replacing an income etc might take that percentage into an income number the way @Asad Shaikh did.Its a quick and dirty rule of thumb for me, but I know if I can buy decent shape at under $85 a sf, I am going to do well 9I do formally value deals as well, but that's one of my guides.  

Therefore, if you can increase the income of a property by either raising rents, increasing occupancy and/or decreasing expenses, you increase the NOI of the property.