You wouldn't want to buy into an area that is declining rapidly and where the tenant quality is decreasing along with the area.Let me know if you have any other questions, hope this helps!

You wouldn't want to buy into an area that is declining rapidly and where the tenant quality is decreasing along with the area.Let me know if you have any other questions, hope this helps!

If one person in the lease isn't pulling their weight the roommates tend to sort things out for you so you don't have to.Curious what others have to say about this.

You wouldn't want to buy into an area that is declining rapidly where the tenant quality is decreasing along with the area.Bureau of Labor Statistics: Current Employment Statistics (CES)The Current Employment Statistics (CES) program produces detailed industry estimates of employment, hours, and earnings of workers on payrolls every month.

We rent it out now and own another home right across the street that we owe more on but they both appraise at the same amount, however we plan on keeping the second one we bought (unless given a solid reason to not keep it but so far nothing has made sense for that)Our goal: to put 200k into as many reliable streams of income but not overwhelm ourselves with too rapid of growth to quickly or at least manageable growth.

They will be looking at the income taxes but put more weight on the income generated by the rental.

@Edward Jakubiak, if you plan on purchasing the property as a STR I would be sure to analyze and make sure the deal works as a LTR due to the rapid changes in STR laws throughout many parts of the US. 

College education rates are also really low at 6%Rent to income rates are increasing rapidly and show a rent-burdened tenant base in the areaYield metrics such as cap rate and rent to price ratio are both high and increasing, indicating a growing perceived market riskThe fundamentals also look rather bleak with homes values seemingly stagnant and population numbers declining rather quickly.  

Are you in an area where the RE is rapidly appreciating?

I saw a home last month where the termites ate a wood truss so bad, the weight of the home compressed that 2x8 truss to a 2x6. 2 inches of movement is a lot.