I don't have any recent experience in Anderson since it's too far from our office to manage properties up there, but I live in Fishers which is about 20 minutes from there.Anderson's population had been on a decline after the manufacturing jobs left during the recession.

I have a post about this in another forum. look for grey pipes) It was coming to the end of their lease and informed them that I would not be renewing the lease because I would like to replace all the water line in the unit by taking out the recalled pipes.rent has always late (7-10 days)water company always send a courtesy bill letting me know what the water bill balance is. balances was carried from quarter to quarter.Before they left, they asked for their security deposit (1 months rent) so they can use it as a deposit at the new place, i declined because it was meant for damages etc when they moved out.Gave them 6 weeks to find a place, the main lease holder moved out 3 weeks into the 6 weeks without informing me. i sent numerous notices for the main lease holder to let me know 5 days before vacating so we can do a walk thru, never did.On day 5 of their last month, I asked for the rent, and was told they would pay when they move because they do not know when they would be leaving.

These buildings were in reasonable shape and NOT in Detroit.Perhaps the best example of declining property value is the Fisher Building.  

You can access it from the link below or my profile page.Below are some of the most important criteria by which I would evaluate potential locations based on dependable passive income characteristics.Inflation Protection - Unless your rental income increases faster or faster than inflation, your buying power will decline.

I moved my work 401k into a self-directed account about a week before this latest decline, and am up about 15% since..

Don't look now but mortgage rates have declined at an almost historical rate during the past month. 

If the tenants are interested, you can also offer the opportunity to "hop scotch" the schedule, moving out the tenants that will not be offered, or that decline, the opportunity, so those units can be renovated.

Especially someone who is well-versed in dealing with ppl who are in decline but are not entirely ready or willing to be open-minded about new strategies or ways of living.

However, the area where our rentals were located suffered no noticeable decline in rents. 

People are leaving Alberta and moving to BC because of job losses from the oil price decline.