It all depends on the tenant base as mentioned.The bad credit ones will wait and see if you pay the money to file eviction and will not care about the notice you give them.Make sure in your lease you have language that states the security deposit CANNOT be applied to last months or any months rent.If you do not have that in there you can be in trouble.Sometimes if the tenant is a good tenant that falls behind the landlord will let them apply the security deposit to catch up that one month if it makes sense.You need to get an written agreement in writing though signed by the tenant authorizing this.With college degree highly educated tenants the job is more stable,they have reserves for bumps in the road,etc.This is not always the case but works in your favor with percentages.With lower income the education tends to be less,they work 2 jobs to pay the rent,the rely on multiple incomes in the house hold to pay the rent,charity assistance,government programs,etc.The cash is more but you are almost a social worker and the drama that comes with it can be too much to deal with at times.

But I really feel that 6+ makes for a better, more stable, more efficient rental machine, as expenses are proportionally less at that scale.On the other hand, I don't want to rush just because I have no job and need the cashflow.

There is a sweet spot that we strive for, better than war zones in stable blue collar areas.

I understand the FICO score is not 100 percent objective, but I would say it is more stable than everchanging lending policies based on the same score depending on the place and time.

I think now would be a great time to build in a stable area, you should be getting some deals on labor and CG fees keeping people working, watch you material costs (but you already know that...)

I understand I will need to own at least one property before I can quit my job :) We do not plan on using this property for maybe more than a week or two a year for personal use.My husband and I both currently have stable jobs, no debt except our mortgage for $145k.

If your 10,000 square foot building had a good 20 year lease in place with a stable national tenant it would have sold for twice (or more) than you paid.

Business is stable and I don't plan to move to another city at all.

Europe is in dire straights, other economies while more stable are not large enough such as Canada or Australia.

We didn't see much of a housing crash here in El Paso, prices have been pretty stable.