If the price is right for the area, then determine the quality of the cash flow: is the building under-performing?  

The school district is amazing and quality of life makes it a highly desirable rental market. 

My point is, what is left in the Palmdale/Lancaster population who will be renting houses is, less than high-quality typically?

My company finds properties for all sorts of investors here in Fresno and fills them quality tenants.

If you screen properly, you find you don't have the high quality tenants looking to rent in these areas.

If you are already at the upper end of rents and push it higher because of "perceived" value adds like the seclusion ect you will just end up with poorer quality tenants most likely.

I know Bloomington is a great city with a lot of upstanding citizens for a college town so I'm sure you can find quality people, I was just curious if you were renting to undergrads because that would terrify me.

With rentals you can get complete opposite spectrums of rehab quality.

The quality of an incoming lead is way better too.

I pay $2-5 a gallon of high quality paint.