The cautions with this process is that the future holds job gains and population growth to help fill these vacancies.The other part is this is the "value add" component. 

Looking for some advice and tips48 lots95% occlots rent average $365 ( some less some for more ) water and sewer ( electric individually metered )Population 20k (large retail stores within 5 min.) nearest 50k pop. 40 miles awayAverage homes sales 100k Avg. rent 1bed $600Asking 1.3 ( owner negotiable and willing to finance with 30% down)What should I offer BP?

-The city is home to “the Oscars of dining” winner from James Beard Foundation (Birmingham Visitor’s Center)-3rd fastest growing real estate market in the nation (CNN Money)-3rd best cash flow markets in the United States (Nuwire Investor study)-2nd in the nation for building personal net worth, based on local salary rates, living expenses, and unemployment rates (Salary.com)-48th in population among the nation’s top 300 metropolitan areas (City of Birmingham Website)-Largest city in the state of Alabama-Consistently rated as one of America’s bestplaces to work and earn a living based on the area’s competitive salary rates and relatively low living expenses (Under30ceo.com)-Jefferson County IB School is in top 25 “America’s Best High Schools” (Newsweek 2011)-One of the largest banking centers in the U.S (Wikipedia)-4.6% Unemployment Rate (Compared with 5.6% National Average)GO BIRMINGHAM!!

S piece where investments can be sold internationally to folks not on the OFAC crap list or AML bad boy list-The entity to take in 300 investors and avoid the '40 Act such that the minimums can be set around $15k instead of much higher at around $50kThe target investor population would go from around 3% of domestic folks to most of the people on the planet.  

Interesting article about population trends.

Oren K.I tend to agree with you - but we've only every had a single laundry room, so I was wondering if you had explored the value of maintaining all three.Would there be any value to your tenant population if you maintaining the laundry room on the second floor and used the ground floor space for bicycle parking/storage?  

The population is aging.

Although they represent close to 13 per cent of the US population, immigrants accounted for nearly 36 per cent of growth in home ownership between 2000 and 2010," the article says."

And Texas keeps growing it's population twice as fast as the rest of the US.

Population is 250,000.