These areas host professional tenants who know all the rules, and when all else fails, they will create a code violation and then call the city on you and tie you up in court.Second, rising property taxes make it difficult to purchase a rental property at a reasonable cost and still have room to charge market rent and make money.

A major reason I love Cincinnati's future is that there is so much room for growth in terms rent$/mo.

I have SFHs and a few small apartment complexes, but this would be a first for me.Quick run-down:45 lots, with no room to expand18 full - 15 POH and 3 paying just lot rentPublic Utilities, proper zoning, paved streetsSmall town, around 45 minutes from any sizable town; around ~2,500 residents that are mostly blue collar, lower incomeI believe lot rent should be around $250-300 per spot once full and stabilizedCurrent asking price is around $200k, with expenses running around 35-40% of gross incomeMy initial plan would be to give all POH to the current tenants if they agree to re-sign lot leases and update all utilities and other facilities as necessary in order be prepared for additional homes being moved in.  

@Christopher Phillips My plan is to buy a multi-room unit using an FHA to live in and rent out the other rooms to pay off the mortgage and collect passive income. 

Investment Info:Single-family residence buy & hold investment in Casa Grande.

We currently don't have any debt so we have room to work I'm NYC has some ways to make this deal harder than it looks so please share any Pros and Cons you're aware of. 

Also, real estate agents really like to be wined and dined, so you could always go that route and join some real estate investor meet up groups in your area to make some good realtor contacts.

Investment Info:Single-family residence buy & hold investment in Grand Prairie.

The other thing you can look for here in So Florida, is a 2/2 with a Florida Room that could be converted and brought under air and turn it into a third bedroom!

Then run the plan exactly as you would otherwise.In 6-8 months after they've been getting a rent check and you hand them a few grand from the refi, you tell them about another great property you're looking at...it's win-win for everyone.