You Need a Good Realtor
In most cases, when a home owner has no choice but to sell the house they will listen to just about any offer and due to this very reason, your realtor may find pre foreclosures for sale at nearly 50% off market value in some areas.
You can find pre foreclosures for sale today, in some areas, at nearly 50% off market value making this an ideal time to purchase, especially if you are looking to save a lot of money.
Anybody can buy this kind of property, because basically all you need is some money and a willingness to bid, but be aware that if you attend a property auction, you may wind up bidding against professional foreclosure investment specialists who are also looking for cheap houses.
In all real estate transactions, any extra bit of information that you can get, can be the difference between ending up with a home you can live in, or want to live in, or to rent out, or a home that you will find to be a mess, very expensive, hard to rent or even worse, unable to sell.
Rental vacancies are much related to the values for multifamily housing, but it can be a good sign of what is also happening in the single-family home market.
The idea would be for the rental to supplement your retirement income rather than having your rental property as your main source of retirement income.
Apart from job vacancies, common business centers such as schools, shopping malls, transportation and others should all be accessible. This will be a lot easier for your renters to be able to shop, go to school, etc..