This is a general guideline but it will differ a little by area.A - new construction with amenities in best area of town, often where professionals and wealthy people liveB - good neighborhoods where middle income live, generally house will be older but well maintained and few subsidized properties C - lower income, mostly rentals, a lot of subsidized like section 8, etcD - dangerous, graffiti, drugs, boarded up propertiesYou won’t find all classes in all areas.

The actual amount may end up being lower than $120.  

You can still find tenants during down turn and there is always demand, but lower cash flow due to higher turn over (rent lost during turn), lost rent during eviction process, and additional turn over cost. 

I am still dealing with a vacancy in Edmond from October and have had to lower rent a couple times to garner interest.  

If you start investing in the lower income areas some of these people get 3 or 4 phone numbers during the time of tenancy. 

I have a hanful of rental properties but i want my RE so i can get offers accepted that are lower by waiving my commision.

I am thinking about choosing the extended payment for 25 years that would lower our monthly payment by more than half.

Units on lower levels have recently sold for about $150k, so that would perhaps be an expectation for my unit after disclosures.

This is a chance for you to establish a good landlord-tenant relationship.

What I have found when speaking to attorneys on 1st position notes and getting a deficiency judgement is it can cost $1,000 - $3,000 to get the judgement, and unless they have other properties as collateral your chances of seeing that $ is slim to none and slim left town or you hope slim hits Powerball or megamillions.