There aren't any major companies moving to the area that I know of (the largest employer is the hospital followed by the school district, Vestas is building wind turbines there and EVRAZ may be expanding their steel operations which could be good for the town although steel has historically created a volatile boom and bust cycle which has lead to much of the blight and urban decay that is visible throughout the area) and the population is mostly stagnant.

If you like it you can then expand to buying a few more in that price range with a heloc and then use your profits to pay it down and let the cycle repeat. 

As they have gotten more sophisticated, they also include historical taxes, penalties, arrears, and other information.Generally speaking (grain of salt), the property is 'supposed' to be 'appraised' on a regular cycle (e.g. every 3 years). 

I didn’t want to be stuck in the cycle at 20, so I decided to move to California and start life as an entrepreneur!

Tenants aren't particularly happy when things break, as it makes you as the landlord look bad-- even if they tried to wash 7 loads of laundry in 1 cycle. 

I have set up networks in affordable markets for my clients, markets where you can get through the life cycle of a project with 25k.

I'd like to prepare for the next cycle/downturn - I have 2 properties fully paid for and 2 more with a small mortgage.

It goes it cycles but they are biased on so many factors world wide that they cannot be predicted.

They continue this cycle every few years and you can accumulate quite a few rentals paying low down-payments like this.

The real estate market, like the stock market, goes through cycles.