Conversely, the attorney down the street may always take your calls but without experience and economies of scale you could end up paying a lot for someone to learn from their mistakes.  

What's the economy look like in the areas (I have a general idea, but nothing compared to a seasoned investor)3.

Gurus and newbies don’t talk about times when vacancies shoot up due to the economy.

Down side is the fear that the economy tanks and the Automotive Plant has long term lay offs and the ripple effect hurts the other businesses. 

I'm thinking they make their money on economies of scale, efficiency and marketing. 

The rising economy has lifted everyone.

Maybe by the time, we start to see a decline in the economy and prices are more approachable, you'll have saved enough.

Looking to purchase first property and intrigued with economy of midland.

Economy seems very strong with good ROI returns or am I Really missing something...

Yes you have to compensate for increases like inflation, taxes and insurance then you increase rents to cover; but if not and you want to increase rents based on the conditions of the property then it is HIT or MISSJust because you put granite in doesn’t mean you will get an extra $25 or $50No.All based on your market I’m not calling you greedy I’m just saying be cautious of your market and don’t over leverage it because once you get use to it and then the economy drops (Jacksonville susceptible) rents will go down!