And NY is a pretty densely populated area.

Negative population growth since 2000.

I realize that might be a bleeding heart fantasy and recipe for financial ruin, but I'm a big ideas and problem-solving kind of person.So: suggestions for setting up a property management process with this rental population in mind?

We don't have the huge job/population growth here in Ohio.

Population is around 5,000 people.

He said your best to stay out of the city rentals and here's the reason's.First you will pay a 4% transfer tax on city homes, normally for most other areas in PA it is 2% transfer tax.Second he claimed 70% of the cities population are Hispanic who for this city have a reputation of drug use, and have a track record of not treating property well and often will get behind on rents.Third he claimed 80% of the city is on welfare, all the big companies have move out of the area making it a poor city economically to invest inFrom our conversation I said where the 8 homes were located and they were all in bad neighbourhood's or blocks.

It's in a small town with a population of 225.

Also, we live in an area with a pretty high Spanish speaking population.

Nevertheless, even if this place becomes a less favorable destination for transplants, we do have a population that will need to expand with natural growth and that will sustain real estate prices for a while.

The major problem that we're running into mentally is that Columbus' population is in very slow decline (less than a tenth of a percent per year).