Our investors tend to do better year 2 or 3 after rent increases. 

They tend to foster harmonious relationships with the tenants by getting to know them and their situation. 

Low income Atlanta city dwellers are typically on the move a lot, while the wealthy tend to just buy their brand new high dollar homes in Buckhead or Midtown.  

Those properties are also much harder to sell when you need to and tend to sit on the market for longer periods of time.

Here are some of the pros and cons:Pros:Gap in the market that can be filled.High likelihood of repeat business from high volume buyers.Because many investors lean heavily on their agents to do legwork, you have a fair bit of control over your sales volume/performance.Your customers tend to be savvy.If you do well, referrals will fly in and you will have a full book of business.Cons:Requires several unique skillsets which are not required in traditional real estate.  

I've noticed that if a property manager is buried with a 100 broken air conditioning calls in the middle of August, 10 flooded basements, or out showing properties all day,  the other non-emergency inquiries tend to go on the back burner until they can come up for air.  

Many landlords who have Section 8 tenants tend to love that market. 

We work with a lot of Bay Area investors; as you know, the acquisition costs of property anywhere in your neighborhood tend toward the obscene.

Make sure you consider all expenses since HOA and management costs tend to be high for oceanfront/beach properties.

I read a lot, and I tend to collect a lot of information instead of acting on it, and with the help of this community that is what my 2016 will be all about!