To have a chance at success it is critical to have a team that knows the city very well and that includes both your realtor and your property manager.The areas that look like you're getting good cash flow for an inexpensive property are often D-class neighborhoods where you'll have to deal with frequent turnover and difficult tenants.I'm not saying you cannot be successful owning rentals in Baltimore City.

I don't know if they will ever start construction and if they do how long will my money be locked with them.At this point, I would recommend to stay away from them until they can show some results with new constructions.In the meantime, I had invested in another syndication in the same time frame in the same Texas market.

No more inexpensive Class C properties OOS for me. 

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Quote from @John Clark: Quote from @Jay Hinrichs:  to me if I was insurance  now that all the fuel is burned seems to me the fire danger has passed at least for the next 5 too 10 years ( time frame for the brush to grow back.. news keep talking about forest management.. there are no forests in those areas is Brush and scraggly oaks..

It came out to $823 in expenses and in the area Section 8 is paying $11400 to $1600 a unit.

Otherwise the buyer of your property can try to leverage you since you’re on a tight close time frame.4.  

I use Wisconsin Legal Blank forms, they are inexpensive and court-tested.

Just get something like this...easy to install yourself and inexpensive....

@Jeff Shaver There is no specific statutory time frame before you can do a cash out refi after completing a 1031 exchange.