A lot of people want out of the city.Sure, rising population metro areas are a safe bet when it come to investing.

It's tough when there is only one property of any type and multiple applicants so remember if it's not out of your scope to get them set in a right direction as well if there are multiple qualified applicants.Best to you Jake, stay safe!

I don't think there's a reliable way to come up with an exact dollar amount that everyone can just plug into their situation and be 100% safe. 

Seems like most who are successful with that technique did grow up in the hood.

And you have an "asset" in the hood, you can safely assume the appraiser will not pick the 5 best comps.

Use an attorney to draft up your legal loan documents and ensure it's safely secured against the property as a deed or mortgage.

Morris pulled out many of the tactics of those days.the biggest was his take away close technique.. your interested.. well we are so busy that we cant talk to you for 3 months and 5 days and you getter be at your appointment when its your time.. then get them on the phone and  they like a certain  property and they reply  sorry that sold.. now you have this false sense of urgency and they just jump at the next one.

Any other possitive factors  - stable tenant base  - alarm systems  - regular checks on the property  - no pets  - Lead safe certification  - newer roof, plumbing, electric, etc..Anything to balance off the lossesBe prepared that it may end up in a non-standard (surplus lines) market for a couple of years.If you did not have flood coverage before, see if they will continue the current policy if you get Flood coverage and increase the property coverage deductible. 

They didn't go in depth as to what exactly that meant but it's safe to assume they want to help a local family make it their primary residence.

You can later convert that house (after a year or so with a safe harbor from the IRS at 2 years).