Power wash outside.The neighborhood is a blue collar neighborhood, her house is worth between $80-$90K according to the recent comps.The house can be rented for around $1250.She had an investor offered to take over $75K mortgage and pay her $10K cash.

I live in Berkley which is just an average blue collar city with a small population.

Many times because I rent to blue collar folks they tend to fix or troubleshoot their own problems or have a connection to a reasonable repairman who is usually friends or family.For an out of state investor relying on a PM I don't have any experience.

What is a good blue print to follow now that I am already 32 years old and am just now purchasing my second house and have the first house just breaking even (hopefully).Background:I am in the process of buying my second house.

If the “now†numbers do not work based on the above simple math, then walk away because it is nothing more that another piece of property with "blue-sky" hopes, not necessarily an "income" producing investment a Landlord would want.

Jonathan West Hi those are great points, we just closed on a property in the southwest area right off of Blue Diamond.

Would a broker or undewriter involved in this type of property talk to me, out of the blue?

Hi All,There has been alot of discussion on Facebook pages, message boards, and popular podcasts about the saturation of the market in the Blue Ridge area and warning investors to stay away. 

How are buckets estimated ( green and blue)?

Most of these types of tenants are more blue collar in a wide variety of fields such as trades, police officers, teachers, retail etc.