4) Demographic?

A reliable tenant is someone whoHas stable employment in a market segment that is very likely to be stable or improve over timePays all the rent on scheduleTakes care of the propertyDoes not cause problems with neighborsDoes not engage in illegal activities while on the propertyStays for many yearsBelow is a table comparing what I learned about the demographic for condos compared to the single-family homes that target our tenant segment.Condo considerationsVacancy Cost -Vacancy costs can have a significant impact on profitability or be a minor expense, depending on how long the tenant remains in the property.

Older long term residents will leave and migrate elsewhere due to unpalatable changes, whether political, demographic or COLA, and new residents will move in who desire that lifestyle.

@AJ H.Sorry.No way for me to answer without knowing the property - its physical condition, current financials, the business plan, the market, the tenant demographics, and what you would have to pay for a competent maintenance person who has all the skills you need.And even if I knew all of the above, I would still have to analyze all the numbers and make a decision.I think at the end of the day, you will just need to make your best decision, implement whatever plan you choose, and wait to see the results.

Focusing on demographics of such, tech enabled properties etc.. 

(Maybe possibly one sight to get all the economic data, demographic data, business data, and etc?)

Sebring recently opened 3 Wawa's and a Starbucks or 2 so you know those companies do their market research before opening new stores and that indicates expectations of population growth as well as different demographics coming into the market. 

AshishAshish,Cleveland, Cincy, and Detroit are demographically remaining static or declining.

You may start considering the parameters such as financing required, your ability to manage vs outsourcing that, property taxes, availability of properties to invest in, demographics, etc, etc, etc.

The job market is absolutely booming due to corporate investment, and demographic patterns are excellent.