Based on what you've said here, I'd probably rent it out as-is for a couple years and then 1031 in to a higher quality area. 

Thanks Dennis, I think you're right that planning for a more conservative return would be a good idea.I re-ran my numbers at an even more conservative level:Lower ARV: $800,000Lower income levels (I'm assuming it will take a couple years to get up to full potential income, but giving myself 3 years was a conservative estimate):Year 1: 50k (NOI $1,000)Year 2: 80k (NOI $31,000)Year 3: 100k (NOI $51,000)My ROI numbers come out to:1% (year 1) 46% (year 2) 76% (year 3)This scenario seems like an acceptable risk to me, when the upside seems far more profitable.

Is your highest priority immediate cash flow or would you rather have an investment that may give you a greater return but it may take a couple of years?

With some humility, I’d like to say it’s keeping the finances separated/organized and liability protections, or everyone’s favorite question… do I need an LLC?

If was originated as owner occupied in the past and no longer is owner, if you have change of name on deed or insurance, if impound had a dispute, claims - are a couple reasons why the servicing changes.

I think anything held over ten years for the most part, if bought even decently, should turn around, but too few investors are an top of their declining investments. 29 separate doors is a lot to manage.

I got bit a couple years ago and went from a 6% rate to almost 10% rate.

I could post a couple real-word turnkeys I have right now that are 1% day1.

I can't remember the cost, not too bad, but no phone callsI sent out 1,000 mailers (letters) I designed in envelopes a week for a couple of years and made a ton of money buying properties using "creative finance" some call subto.

I used to be a landlord and flipper in New Zealand until a couple of years ago when I liquidated my portfolio and moved out here to Pittsburgh.