A new school has been built in front of my house, new stores are coming in, a movie theater was built near by, and there is interest from Amazon to built more warehouses.

It is a VERY small town, and they charge much higher rates than you will find in other areas nearby.

Prop mgrs can make or break you and take a huge cutThere is many ways to automate a VR especially if you are nearby. 

@Michele Velazquez ask your PMC, the agent, look at rents on similar properties in nearby areas...

Lots of Lakes and National Forest nearby and surrounding areas. 

They do, although generally at a slower rate compared to single family property and depending on location and other factors that can either cause it to appreciate faster or slower. factors such as community amenities, property maintenance and walkability to nearby convenience and attractions can cause a condo to appreciate at a faster rate. 

I currently own a SFH near by and the tenant pays all utilities there.Thanks,Marc

If there is a big class A residential project going up typically that project is going to be asking top of market rents.If you renovate a property nearby, you are probably still a more affordable option.

But I'm also looking into other ventures in Socal and possibly nearby states. 

I'm sticking with counties nearby to make the research a little easier.