I am looking at this as a cash flow play and would like to know if this neighbourhood has the potential for rental hikes around 3 to 5 percent in the next 5 years?

WHAT I LOVE AS A SELLER:I hate that I am selling an asset with potential to pay me monthly. 

Utility companies lobby against because it hurts there bottom line. 

does it have any value add potential?

It can't hurt to start looking into the costs of what you'd need to develop the land.

It's about a property's potential to make you money over time, through rent, appreciation, and fitting perfectly into your investment goals.

My flexible budget for each property sits at around $150k.I'm eager to connect with experienced investors and gain valuable insights into potential markets that align with my financial goals.

The first lends itself to smaller properties and potentially higher turnover, whereas 3 could appeal to a larger group of people that may be there for a longer time period. 2)what’s the typical income of someone that rents in the area?

Multifamily rentals help add the extra protection against vacancy and they typically always debt service themselves.You can also focus on amenity style homes or locations to increase your STR ROI and focus on either turn key or TLC properties to speed up the ARV potential.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.