All that doesn't kill you makes you stronger (and richer) :)Gary

Also, in your case, I believe challenges always make us stronger.

If the place has a bad reputation, 342 units is a lot of tenants to cycle through and replace, and you will need to do something pretty dramatic to get stronger tenants into the community while the majority of old tenants remain.Thus, rather than think about gentrification, you should assume that the area will stay the same, and focus on getting the property for a price where the current cash flow provides the return you desire.  

For a stronger offer, put NO CONTINGENCIES (but this is for really experienced investors only)."

Washington has weaker cash flow with much stronger appreciation.

Most will want at least a 500 score to have confidence in you, with the better rate/point terms coming with scores over 600.Interestingly, experience and the deal itself have a much stronger bearing on HM financing than your credit score.

Property #2 is rented starting tomorrow and will get appraised next week -- I'll share those numbers as they come in, cash flow looks a little stronger and appraisal value to cost as a percentage a little lower, but still looking great on paper.

In the "Building Strong Credit," section it mentions that you can build stronger credit by adding alternative credit to your credit report.

This is why it is good for that nation's exports, because exported goods become less expensive relative to the same goods on the global economy denominated in a stronger currency.

It makes the exit strategy stronger and I sleep better knowing that I have it.