Well worth it IMHO given poor performance of RTO/seller financed zillow listings. 

I wish you well in your project. 

I'm actually hearing that it will be allowed for residential multi family as well, although haven't confirmed that.

Hey Themis - I used a similar strategy in my first year investing in Cleveland, focusing on the BRRRR method with SFRs, and it worked well.

I think you should be paying about 10.5%-12% on average right now, 1-2 points as well, and some lenders will not even need an appraisal.

So I said, "well, if that isn't the path, what is the better approach?"

Just run your numbers well and make sure you are in an area without prohibitions in place. 

@Cristen Marcotte Well, my last post doesn't help you much.

A builder that knows the area very well.

.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.