There are many markets where the wait list is in years for low income housing availability.Rents have dramatically outpaced wagesBaby boomers are living longerCorporate income tax rate cut makes affordable housing tax credits less valuableRising labor and material costs makes it expensive to buildLand is expensive in metro markets; so, it's only economical for developers to build at the high endHurricanes have driven down the availability of construction labor and driven up the costNIMBY regulationsThe shortage is so severe that it may never be resolved in my lifetime. 

It seems that your place is so popular that it is only a matter of time before you get the ideal tenant.

In fact the market is so hot right now that any lender not super busy should consider their business model.If you have a property that falls through the lending cracks, consider approaching a good loan broker that can shop around amongst lenders for you. 

You were on my list to contact too since you are my provider, but good to know that IF people are doing it, that it is so rare from the sounds of it.

There is so little developable land within commuting distance that the land is worth a lot of money.

That is so helpful and clear - I am a teacher so that's saying something!

Maybe you can look into refinancing your first home if the rate is so terrible. 

It is so much of work.

There is so much strategy to this process, I wish I had learned ahead of time instead of as I go!

Since the California market is so expensive and over priced with very little opportunities to obtain a cash flowing rental, we focus on the midwest states such as Cleveland, and at times Columbus.