Also I could say the same thing about you being in CA, except I’m not into making sweeping generalizations that dump entire populations into one bucket. 

You can absolutely find great tenants in low-income populations (about as much as any other income pool) BUT the nature of their employment situation means they are one sick kid or one flat tire away from missing rent.

The unscrupulous investor will:Have the homeowner sign a Quit Claim Deed in which the homeowner signs over their ownership in the property.Fail to explain to the homeowner that they, the homeowner, are still responsible for the mortgage.Fail to warn the homeowner that they could be violating their “due on sale clause” with their lender.The homeowner is usually elderly or part of an at-risk population (English isn’t their first language, disability of some kind, etc.).The Division advises the following when it comes to these types of rescue transactions:Don’t sign any documents or a deed to anyone until you have had a chance to talk with your lender and an attorney about your mortgage obligations and your legal rights.Colorado has a Foreclosure Protection Act that affords you certain rights when you are financially distressed.It’s best to take proactive steps when you first start having financial problems, and here are some resources that you can contact:Colorado Housing Connects – Colorado Foreclosure Hotline – Colorado Bar Association “Find-a-Lawyer” – Colorado Legal Services – Disability Law Colorado (Formerly The Legal Center for People with Disabilities and Older People) –

What are the best and most up to date sources for finding credible population growth data?

The unscrupulous investor will:Have the homeowner sign a Quit Claim Deed in which the homeowner signs over their ownership in the property.Fail to explain to the homeowner that they, the homeowner, are still responsible for the mortgage.Fail to warn the homeowner that they could be violating their “due on sale clause” with their lender.The homeowner is usually elderly or part of an at-risk population (English isn’t their first language, disability of some kind, etc.).The Division advises the following when it comes to these types of rescue transactions:Don’t sign any documents or a deed to anyone until you have had a chance to talk with your lender and an attorney about your mortgage obligations and your legal rights.Colorado has a Foreclosure Protection Act that affords you certain rights when you are financially distressed.It’s best to take proactive steps when you first start having financial problems, and here are some resources that you can contact:Colorado Housing Connects – Colorado Foreclosure Hotline –Colorado Bar Association “Find-a-Lawyer” – Colorado Legal Services – Disability Law Colorado (Formerly The Legal Center for People with Disabilities and Older People) – 

That market segment is GROWING and if you are in a state like TEXAS that is GROWING in population you should NOT run out of tenants to rent to no matter what the economy is doing.  

City population is 22K that has grown 39% since 2000, and is part of a larger metro area with >100K people less than 30 min away. 

@Daniel J Jackson if rental demand is high I would go with no pets, however by not accepting pets you reduce your pool of the tenant population by 50%.

I rented to a failed landlord that lost three properties in 2010.Personally in my market, we had 3% population growth and steady jobs, so I had no issues keeping properties rented.

@Jessica Kelly hey Jessica, Id agree with @Russell Brazil, Arlington is a "safer" place to invest with all the population and job growth, but Id imagine its pretty hard to find a good deal with the property values there.