I don't have experience with Fabco, but have plenty of experience with C class rentals.We have found that lower income applicants cannot make a web based screening option work.  

There is an interesting article below that is focused on REITs but has some good analysis that actually argues the effects may be nation wide, and also has some good data on the apartment markets supply and demand fundamentals aside from the effects of flooding:https://seekingalpha.com/article/4102880-quantifyi...I still remember distinctly that I was in a Marshall Reddick "seminar" in early 2006 and he had a bunch of guys that were scaling up out of state in Mississippi, that were trying to say how great Hurricane Katrina had been for them since their property prices skyrocketed afterwards ... in retrospect, the supply shock to that market from the hurricane temporarily covered up some deeper supply and demand fundamental issues that would later resurface in a big way, as we all know. 

Cash and hard money loans are fundamentally different though.

The other thing we like is that being web based, we can all easily see everything at any time, such as 'what kind of stove is that we put in at such and such address when we are looking for parts at the store etc....” 

Lastly – if there are other metros that any of you feel are good cash flow opportunities with strong market fundamentals for out of state investors, I’d love to hear your thoughts.Thanks for your time!

Did you look up the tax records on the tax accessor web site?  

This is still over 2k/mo so it doesn't make sense.I could stay in an apartment owned by someone else, but then I'm not building equity, something I badly need right now.In the future:I'll need as much disposable income as possible because I'd like to start doing wholesaling and will need money for advertising through yellowletters and through the web.

After you get quotes for a few properties in an area, you'll have a general idea.Properties taxes are usually online, on the tax assessor web site.Utilities can be found from the utility companies.  

Each situation will drive a different cost structure.My methodology is to have a set of practices that takes these differences into account, a fundamental way of looking at a site development or building project and making a thorough and rigorous assessment, even when you don't know what's different.

To be perfectly honest, it would be rather difficult to understand these standards without learning the fundamentals.