When there is a huge demand and the city slows supply down or restricts supply then that area will have the highest appreciation rates.

I have not hired a contractor local to the area yet-they are in short supply.

You will probably find: low amount of insulation, bathroom vents terminating into the attic instead of outside, otherwise you'll see some mold (not a big deal in an attic, just get it properly ventialted and stop the supply of bathroom moisture)Electrical:Electrical wiring includes copper, aluminum and cloth sheathed.

@John Mucilli,I still have a supply of postcards to send out, but I don't seem to get any traction from them. 

The only time I've seen a MH rented for much money is if its waterfront.Not sure this will attract anyone except value shoppers. 

This means that while there could be some great deals coming up, there will also be a ton of risk because as supply increases and demand decreases, prices fall. 

Find out why they will not do the loan and make sure you have supplied all the proper information and have the financial ability to qualify 

But Port Richmond definitely has a larger supply of multi families, which may make it easier to find you a good one. 

In our view, we want it to be a popular area and we think we can outcompete the competition vs. being in an area where there is little supply and demand. - Our model oftentimes focuses on renting private bedrooms during the weekdays and renting out the entire property during the weekend.

What would you look for in a good rental property market in terms of levels of supply and demand?