Those motivations combined with your numbers will get you, or should get you, a number in your head.  

Storm drains from the main street were undersized so we would get what looked like river rapids flowing past our house during major storms.

(active listings at 28K down almost 2K from 2014) My thought is people wont sell if they can't buy.This does not seem like much, but given the market was heading up like a NASA rocket, this seems like a stumble.

Thanks everyone for the heads up, very helpful information Eric.Just curious, has anyone heard of ways to locate hot spots in different states or counties?

On the monthly visits I think Josh has Brandon rapidly clicking 24hrs a day....... : )

You hit the nail on the head when you mentioned in your original post that you can fix up the units, but not the entire area.These kinds of properties are not worth the hassle in my opinion.

there is one in Grand Rapids.http://www.meetup.com/Grand-Rapids-Real-Estate-Investing-Meetup/

Thanks for the heads up!

Hello All - Looking to connect with an experienced and trust-worthy property manager in Grand Rapids, MI.

Get your head right and go talk to your tenant.