Since you’re committed to staying close to family, I’d suggest focusing on properties that might need a little work but have potential for appreciation in your market.

I think you are right that I can't rely on the sellers income statement and should focus more on comps. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I am a realtor in Cincinnati who primarily focuses on small to large multifamily invest opportunities.

Just focusing on the passive income you want to achieve will leave you chasing cash flow which will have you buying properties in worse areas with harder tenancies that seem to cash flow better, but will have large cap ex.Any time someone asks a question about where to invest and it can be anywhere, they aren't ready to invest and are opening themselves up to every pitch in the world on an area.

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

**Selecting Properties**: When choosing a property for Section 8, focus on neighborhoods with strong rental demand.

.: Quote from @Trevor Finn: Hey @Kevin M.It sounds like you’ve got a solid plan to build passive income with a focused snowball strategy!

The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street. 

Whenever I hear anyone talk about managing occupancy, there is always a heavy focus on leasing.