Population has been growing very slowly at less than 1% annually.

Millennials are going to be one third of the population by the year 2020 and they are very willing to pay for convenience related services.2.

I googled the population and it's only around 8,000...

Thanks - my general belief is that SFR's are going to continue to become more valuable over time in the Bay Area as the population increases and as rent control continues to hit MFR units and HOA fees become excessive for old condos. 

@Chris Fischesser I'm not local but I'm up there a few times a year as I am an out-of-state investor and need to check on properties.I'm jealous of everyone on BP who lives in Cincinnati as I think it's easily one of the best markets to be in as the competition is low, profits are high, large population, good employment, numerous schools, etc.

Anchorage is somewhat unique in the fact that we have a large military presence, as well as a lot of seasonal population swings.

The population of the town is around 1,300 with a median income of $56,000.

I understand your area is not very populated, but you're bound to find a real estate professional if you look hard enough ;) Establishing this relationship will be beneficial for both of you. 

@Isaac SegoviaHey Isaac, if it is cash flowing and as long as it’s in a market that is growing (population, business are moving there, etc) than yea.

@Logan ReinardNo, cap rates different by the location, property type, property size, prior sale comps, lease terms of current tenants, property class, creditworthiness of tenants, age of the property, population growth, job growth, inventory of like properties etc.