I've read it, and I am curious about this statement:"Residential dwelling unit" means a residence where one or more persons may maintain a household, including a manufactured home."

Median household income is 72K, and the population has grown 15% since 2000, unemployment is around 5%. 

A condominium, frequently shortened to condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned.

I am focusing on house flipping at North New Jersey area, I mainly target on good area( great school / higher household income/ easy commute to Manhattan).

Not like most loan places who just take your income and calculate it against your credit report and some verbal back-and-forth about "household expenses" giving you a "pre-approval" amount that is usually WAY off which leads to the good old stories of sitting at the Title office ready to sign and you get the "oopsie" phone call saying you actually have to come up with $X,xxx.xx amount more to close - happens all the time.

Atlanta was also ranked as the #1 moving destination for American households. http://www.bizjournals.com/atlanta/news/2011/05/12/porsche-unveils-100m-atlanta-hq-plans.html?

I currently live in Southern California just north of Los Angeles near Malibu, and investing here may not be a reasonable choice at this juncture given what I have saved, my combined household income (with spouse), and the market values around here.

Good point Amit, if Joanna's question is regarding her condo conversation, then no rent control.Some Units Have Limited Rent Control Coverage Single Family Homes/Condos—You do not have full rent control protection if you live in a single family home (note that a single family home with an illegal in-law unit counts as a 2 unit building) or a condominium and you (and your roommates) moved in on or after January 1, 1996.

Is there some sort of Zillow/Trulia type site where I can just do a search of all rental property listings and filter by area, neighborhood grade (including crime rate, school quality, job growth, population growth, vacancy rate, median household income, etc.), school quality and yield?

Memphis median household income is $37,099 in 2010-2014 and has grown by 14.91% since 2000.