What do you look for in markets?
What do you guys look for in a given area when thinking about rental properties? Do you prefer lower income areas where the housing is cheaper? Higher income areas where the sub divisions are more well kept but housing costs are higher? There is a town near me that has lower income families. The houses arent all that well maintained, but there are alot multi units and houses that are cheap. Im just worried about the lower income areas and the tenants being able to pay rents on time. If you chose lower income how do you handle that?
Adam