Hey @Theo HicksHere's my take the numbers are okay but if you have 500,000 to spend in Cincinnati market you could buy 6-7 turn key sfh or smaller 4 units and not have all your eges in one basket plus norwood is not the easiest place to deal with and depending on the side of norwood you have to be careful of the drug usages and the type of tents you will attract .

@Andrew Wong  good luck on your ventures.... the Turn Key industry has really risen up in the past 10 years...

After i'm done, I'm able to do rate and term refi's which local banks are much more open to doing as compared to cash out refi's.And I've actually brought a couple of other investor friends to my lender and my previous lender.The key is that the terms have to make sense for an investor to incorporate into their model.

What are the key market characteristics that I need to analyze to reduce the chances of owning property in a town that is dying fast?

When a seller or listing agent calculates the ROI, they always leave some key expense out of the equation.  

Be sure to listen to the podcasts and set up key word alerts.  

Education and action is the key.

Rent rolls, deposit reconciliations, venders, event tenant notes, key operational details..

You can jump on the Mobile Home Park University forum  and search for key words.  

Scott Carder You need to, remediation is key, it will not only affect the drywall, it goes to the studs, plumbing, electrical, vents, etc.