This is because they are large metropolitan areas with diverse industries, attracting many people to work and live there, etc.Other cities such as Detroit, Houston, Dallas, .... also offer some interesting investment options as the rental yield can be higher (compared to some of the coastal cities) but then you may have to consider issues such as decline of population, less diverse industries, more land available,....  

But if that main market (for some reason I'm thinking about Buffalo, NY which has lost a massive percentage) isn't growing I don't know that I'd be running to invest it's a 2,000 population suburb or a sururb...Thank you for good insights, looking further into this town, it doesn't sound like a "up and coming place" Population is on steady decline. 

The population of this city has not grown or declined in the last 7 years...

Great question, the answer of course being...If your stated income on that YTD P&L is declining from previous years, we will certainly take that into consideration, and indeed declining income is the only form of stated income that is taken exactly at face value of what the borrower claims, to the dollar (and if you don't even know what the heck a P&L is, the odds of you generating one that shows "declining" income without even realizing it is of course non-trivial).

Hi Danielle,I talked to an Analyst at the BLS and he walked me through how to look at population growth (or decline) and employment numbers for a 10 year spread.

The net result is the same for the community with less oversight and vigilance, along with the aforementioned decline in local property values. 

I am also very concerned about my property value declining as Scottsdale is such a big vacation destination and heavily investor focused.In a nutshell the HOA is requesting no vacation rentals (VR's), no subletting, no room renting, and a minimum term of 60 day rental terms.

Rerented for 1750 (declining market) (3300 for whole building).

There are many towns in the United States that are stagnate or declining.

I am finding agents only broker but decline to actually take responsibility to manage, so given VRBO why pay that high percentage?