If it’s an older house chances are there isn’t adequate returns to properly supply the house.

To me, this seems to be discriminatory and potentially a violation of HIPAA regulations. 

As an investor it's great to be able to negotiate your own sales, I wouldn't quit the day job until you have enough investments to supply your income. 

There was also the issue of ever expanding landlord regulations in seattle,   and I have pretty much decided to gradually phase out my seattle portfolio.If the building was in a stable neighborhood it could have made sense to do the work it needed,   but given various circumstances including negative trend of that area of the neighborhood  (street camping and constant low level property crime) and townhouses replacing many homes in the area meaning the structure was worth zero and the dirt was worth everything,   it didn't really make sense to invest a lot in the existing building.    

Struggling with finding a good fridge based on supply issues.

Struggling with finding a good fridge based on supply issues.

Owner has no idea of actual cost.3) Markup on Actual Cost: owner agrees to a markup percentage and PMC shares all actual costs for supplies and contractors.Beware of any PMC that claims they don't charge a markup on maintenance.

Therefore, generically if less than 1/3 of the units were rentals, I'd consider that good as the demand likely exceeds the supply. 

However, if you're specifically set on one of those markets I'd recommend Kansas City - landlord friendly state, lower property taxes, increasing population and diverse economy, a good supply of potential rentals that product good cash flow with a decent chance of future appreciation.

Also, I look for commercially zoned (mixed use/STR apartments on top) that as less likely to be included in residential regulation.