I'm learning how to dress wild hogs and play blues guitar. 

Severe shortage of cheap rentals for blue collar workers in C+ class neighborhoods.

Until you buy the property you are only guessing by taking; reserves, vacancy, repair, capital expense, new grass fund, cash reserves, blue sky fund, I want my spouse to sleep at night fund.  

Shelter is bringing down the overall CPI, which makes no sense given how much rents and housing prices have increased.Look at YOY Shelter (in blue) for the last 12 months.

It's mostly a blue-collar area, but in the beginning stages of being touched by gentrification. 

In the flipping world, you can fix and renovate things for aesthetic reasons till you're blue in the face.. and you'll quickly run out of money doing that.

how many of those were "out of the blue"?

I'm based more in blue-collar areas where the folks that sell their homes need the lump sum from settlement in order to move on & survive.2. 

@Kaylee WalterbachAfter a long year of sweat, tears, many long talks with God/The Universe/Blue Bell Ice Cream, I got my property appraised and was able to cancel my PMI.

We brightened it up with fresh blues and clean whites.