In fact to provide support for you Income Approach (NOI/Cap Rate = Value) to value is your Sales Comparison Approach which would be measured by a price per unit or square foot of comparable apartment buildings.

You should also make sure your entire financial picture can support the pressure of any future problems which could occur in the market, like factories closing, tax increases or rent control to name a few.

Allan Hancock College is there also, employs around 400 people.Home to the 20th Space Wing, this paired with the air-force base supports an economy also driven by tech, innovation and industry.Major employers that support the area are UCSB, air-force Base, Dignity Health Central Coast, SB Cottage Hospital, Raytheon Co..There is prison there.Two airports somewhat nearby: Santa Barbara airport - direct flights to Dallas, Denver, LV, Oakland, Phx, SF and Seattle.

I was also well supported by a coach and training materials.

I was thinking about starting an llc, and separate my finances from the rental income, so I don't lose the child support assistance and raise my student loan payments. 

Their lack of response leads to another question:  How responsive is their support team? 

Having a supportive wife is key :).

Whole western area is supported, in my opinion, by a couple of big employers-Nike and Intel.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.

@Jeffrey Grieshop  If the lender who pre-approved you did not review your supporting docs (pay stubs, W2s, tax returns and bank statements), you are not pre-approved.