This totally depends on the spread of middle class, which compared to San Diego is much more narrow.Like I said, I do not want to be a slumlord...  

I feel like the market is still well below where it was in 2007 and cap rates on my properties vary pretty significantly.

For example, we specialize only in B/B+ properties in good areas with high rental demand which usually sell (at or below market value, per appraisal) for $80-130K and provide 7-25% ROI in the first year depending on financing etc.

Occupancy has improved a lot since then. 5% actual with 5% economic might be more realistic for 2016. incremental rent growth after the property is stable is 2%I think we can safely assume a 3% growth rate going forward due to high demand and low supply (depends on your area). 

For title insurance, call the closing attorneyMortgage payments-This is not fixed, it is variable, there are lots of calculators on the internet such as http://www.quickenloans.com/mortgage-calculatorProperty taxes- Also varies per property, look up the assessed value on each property via a link from the town website, and then the town tax rate should be listed on the town website. 

It is going to vary across which property class you are looking at.  

It will take some time to assess each one for dependability and fair pricing.  

@Zachary FoustI would say this depends on how new you are to investing and what type of investing you're doing.  

@Nicole Wyckoff long answer is it depends on which judge you stand in front of to do the eviction and what the tenants says.

It all depends on what kind of asset class you're looking to hold- some people will say that higher class properties will bring about better tenants and less hassles (plus often times they tend to be newer constructions, so one can say there will be less maintenance issues).