., for the decline of the Middle Class. 

The insurance company I’ve used on other rentals declined coverage due to the age and condition of this property.

Plus you can do a cash out refinance if/when interest rates decline, further increasing your cashflow. 

In order to invest in an area with declining population, you need to make sure you are being rewarded with better CoC returns than you would get in an area with a growing population. 

I decided to check growth rates and it was alarming that Dayton Cincy and Columbus were all declining in population.

The neighborhood needs to be stable...not transitional & not declining.  

. :) I'd be shocked if it were the case that in housing, and ONLY in housing, can you suddenly not hook someone up because they are a vet, and decline to give some nice thing to anyone not a veteran.I can deny your application for a "0% down payment, 30 yr fixed, 3.625%" mortgage loan all day long, on the basis that you aren't a veteran ergo I'm not going to offer that product to you.

I must politely decline.  

They declined. 

Note also that the population there has been in slow decline for at least 30 years.Look, I get the appeal of the city (the prices certainly look too good to be true coming from NY or DC), I looked at investing in Baltimore for the same reasons you are, and I live even closer.