It found that about 16% of the local population, or about 400,000 full-time employees whose average annual salaries are at $25,000 or below, in South Florida would be the most impacted.

$40k for closing costs is about 10X the U.S. average.

With 2 or more bedrooms, there is typically more stabilized renter and someone who will stay longer. 1-bedroom renters tend to be more transient and more expensive because of the transition time between leasing contracts.When the average unit size is above 750 sq ft, units are easier to rent and keeping the occupancy rate higher.

Hi Randall,From what i Saw on Rentomete this is on the lower end and below average just to be safe.

Most markets have just now recovered to pre 2008 pricing which puts them more or less in line with where we would expect them to be based on historical averages.

If the average rent in a typical B class neighborhood is $900 and everything in a particular area is renting for $700 then that will tell you something.

Average mortgage appraisal today are 40-50 pages.

Even the average landlord if they had 20 units maybe they offer 1 to a nurse on the front lines.. ???  

Isaac,Perhaps your investing criteria is too much and will not fit your market. maybe you are looking for a certain return on your investment that the area historically does not produce, maybe the average return is 8% vs a 10% return that you may be looking for, I am not saying you should switch your investment tactic, but just try to look into what the area is like by possibly talking to other investors in the area you may know.

That would make it a year long recession which is at or above average since like 1850 in our economic cycles.