I grew up in a firefighter household.

Considering I like rent to be 4x the amount, that means the avg household income is not less then $50,000 a year for our tenants.  

Get familiar with the way the market ebbs and flows, know the local players and make sure you become a household name for your niche if you decide to do this full time.It is my personal opinion that you should be able to figure out if a deal is worth calling the seller's agent after 45 seconds of spreadsheet work, not 13 pages.

My thinking is for Household storeage . two of the places do offer a small outdoor storeage for Boats , RV's etc .not sure what those rates are I guess it depends on the size . 

Asides from mowing the grass and normal household chores (which every homeowner in the country also does) that's about the extent of the work that I do to manage the property.Why on earth would I spend $100-$200 per month on a property manager?

Saw this today:http://www.federalreserve.gov/econresdata/2014-report-economic-well-being-us-households-201505.pdfHas some great information in it that investors might find very interesting.

For example, research supporting why you're focusing on homes in the price range of $100K-180K, why you plan to market your properties through Craigslist, etc. because someone other than yourself may be looking at your plan at some point and they need to know the method to the madness.Good points to research are:- How fast are homes selling in your target price range- What is the median income of the local population- What is the median family size of each household- Where are the best neighborhoods located; best schools- Marketing: how are you going to convert leads into sales?

I would not bother trying to 'back out' any of the mortgage or other normal household expenses and try to justify that as profit.

They were forced to sell the home, to incur costs of moving an entire household and to become renters for several years until they could recover from the financial burden associated with their son's chronic illness and death.To all who wish that government would protect them, I cite this example as I remind you  BE CAREFUL WHAT YOU WISH FOR,  YOU MIGHT GET IT

Some 7.5 million households will have lost their homes and nearly all of them have since become renters – many of single-family homes similar to the ones they owned previously: http://www.housingwire.com/articles/34369-moodys-analytics-single-family-rental-growth-will-accelerateApartment Market Strength Continues in Second Quarter With 5% Annual Effective Rent Growth and 95.2% OccupancyAnnual effective rent growth for United States apartments reached 5.0% for the first time in four years, according to early second quarter 2015 numbers from Axiometrics, the leader in apartment market and student housing research and analysis: http://www.digitaljournal.com/pr/2600931The 20 Hottest U.S.