i suggest Glenpool, it's blue collar and growing. i have several properties there with increasing rents and rising property values. 

Blue collar area, not the nicest area but pretty good location that I am familiar with7 units.  1 bedroom/ 1 bathGross rents 87000 but likely 20% undermarketexpenses 2400 annual utilities 4300 annual property tax2000 property insurance800) annual legal/property management/leasing6000 annual repairs estimate)7000 annual cap ex estimateMy question is, do I price it based primarily on what the CURRENT rents are?

In both neighborhoods if you can be in close proximity to Milwaukee Ave / Blue Line it will be a desirable location for tenants.  

It also also makes sense to buy the boring, blue chip assets as part of your portfolio that spin off a steady dividend (rent), even though they don't have large upside. 

But on our last property out there we had so many people coming to us out of the blue to purchase the property for such a profit we sold early so we will see. 

Yes, maybe that will happen every blue moon but if I see something different I will change my tune.

So i'd say what we were doing wasn't working because i'll never invest in a blue state again. 

If you received your blue sheet in the mail, it will allow you to so.If you have hefty increase for a larger property, you may want professional help.

Modern A-frames are a huge hit right now and since your area is in the Blue Ridge Mountains it would be perfect!

Originally posted by @Violet Lisa:I guess my situation is a little unusual - I have a potential tenant who has filled out applications but did not disclose they have an emotional support dog until we mentioned there will be a pet deposit since there will be a dog living on the property as well.