But the likelihood of success with that depends on the specific street.

Thanks in advance for your time.Bobby Short Hey Bobby, you should check out Second Street.

No off-street parking = not worth doing MTR unless it meets all of the following: super urban area where no parking is the norm, highly desirable area with a ton of MTR demand, super safe part of the city, and has great public transportation (think NYC, Hoboken NJ, etc.)Unless it meets all of the criteria above, I pass on those opportunities because my MTR will be eliminating the many people that travel with their vehicles.

@Robert Quiroz I think all of the factors you have listed might contribute.So I’m not going to comment on that but I am going to comment on an assumption you made.If 85% of rents are below market on deals you underwrite then those contract rents are probably THE market rent.You can’t just go based upon area median income to rent ratio.First off urban areas are oftentimes street by street, block by block.

Years ago I spent many months working in Indianapolis and staying at the Canal Street apartments. 

I than thought it was tenants, all the "what if's"; what-if they have a fire, what-if there is a shooting, dead body, drug raid, break-in, squatters, feces art, etc etc etc.....   

I mistakenly assumed that was an error because the place didn't have an official street address yet.

It’s on a quieter street, low income area.

(i) Off-street parking: two spaces per dwelling unit.One of my lots is 5400 square feet, but the other is 9400.

First house in 2021 - no internet to search at that time, remember going to realtor offices and seeing magazines and talking on phone with them about properties available and driving by them as there was no google street view.