The local markets, distance to the mills and terrain also have an impact on stumpage (value the landowner receives after logging/hauling/administrative costs are removed) and those values can vary significantly in different markets.

In 2013 I bought a 4-plex for about $60k in a rural area that (I was told) had been raided by the swat team because of a drug dealer operating out of it.

I've been using texts for little "fyi" type of things, but it's an administrative hassle doing this for every tenant (but maybe is just par for the course?).   

Gainesville has problems (drugs) that you might want to steer clear of.

If so, the administration process has already started.

The upward pressure on Cap Rates are going to continue due to the Steel Tariffs imposed by the current administration which is due to expire May. 2018.

My policy is no drug related, property related or violent felonies. 

due to drug manufacture. this may be a deal breaker for my wife.

@Mike DornemanDue to how the estate administration works, you do have extra protection there.

I had section 8 tenants involved with drugs and prostitution.