Areas to Avoid- Where the industrial base and population have sunk so low that the real estate taxes kill the potential for profitability.

This is the 10th year, plus we lost a US Representative due to population loss, so they are fully distracted with drawing new district maps.

Here is the simple breakdown-Yearly Rent Roll- (incl. laundry)- 202,900.00$Yearly Expenses-Mortgage Payment (w/ taxes & Insurance)- 114,000.00$Management Fee (already in place)- 18,000.00$Utilities- (water, sewer, Trash)- 13,000.00$Estimated maintenance & repairs- 9,000.00$Notes- - Located in an up and coming city with a population of about 30-35k people.- In Illinois- 8 units newly remodeled - 9- 1BD/1BTH-10- 2BD/1 BTH- Washer/ Dryer hookups in each unit- Roof is extremely old- Building built in 1980Any feedback will be greatly appreciated!

Austin remains nation's fastest growing major metroNearly 2.3M people lived in five-county area as of summer 2020Austin's population increased by 184 people per day, from 2019 to 2020Total net inward migration of 146 people per dayAnd Apple and Tesla have announced big hires for 2022..Data source:https://www.census.gov/newsroo...Original Article link:https://www.bizjournals.com/au...

The number of property owners across the country who are right side up on equity is staggering, we aren’t dealing with a massive population of underwater mortgages.

There has been a moratorium on building storage units in the city (19,000 city population, 56,000 county pop.), with the last one built in 2006.

My concern about rural areas is the tenant population.

@Ramada Evans You have CSU and FRCC for a college student population and then 2 Hospitals in Fort Collins.

You'll want to look at population growth and job growth numbers in the area as your leading indicators.    

I know of a couple factors, such as, employment rates and population growth, but that's about it.