@Steven Morris I'm always cautious about locations that have a small population it really limits your options.

We are attempting to setup an automated system where once the offer(s) are created that the offer is automatically populated in a pre-formatted offer that is sent to a mailing company.

Areas with a higher population typically have enough business to justify attorneys that specialize in evictions.

There's already a good size population near Pawtucket that is already traveling to Boston.

I'm sure it will change again, and that's not a bad thing considering the economy, demographics, needs and desires of our population are constantly evolving as well and we need to always adapt to the shifting landscape.

If you haven't done so yet, read Rich Dad Poor Dad and Set for Life, two of my favorites.3. 80% of the US population is in some sort of debt.

It is not purely an investment for this population.

So, that being said, I would look for a larger property in a good area that gives a decent initial return, and has a strong probability of strong growth in market rents, jobs and population.  

@others - San Francisco has probably one of the most educated populations on rental laws in the US because of how expensive, competitive and ill say it... vicious the market is.

Since this would be my first investment deal, I feel I'm missing something, and want to know what to be on the lookout for.Here's the facts:6 family home in a b/c class neighborhood, with a lower than average crime rate100% occupiedRenovated 4 years ago Population is steady, jobs are mostly in health care and warehousing/distributionBuilding is older (1890's in a neighborhood mostly built in 1940's)County is about 100,000 peopleLocated right in the center of townI recognize the property may be worth less because of its age, but certainly not 40-50% less, especially when it was renovated a few years ago.