As you grow your portfolio, keep an eye out for lenders who offer low down payment options for investors or those that allow leveraging the equity from your existing properties to fund new ones. 

Also North Providence is a great area, so you should have no problem finding quality tenants.

They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.

Rents are generally low there as well, but definitely stable.

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

You want the highest quality tenant as possible & those two intangibles we find makes a difference. 

Damon That's the rub with low income tenants.

Mortgage rates and PMLs are 8-12% plus points right now so the deal has to be a low enough entry. 

If you paid over $375k MAYBE you could keep it because the taxes saved are so low.

I’ve already put down a $2,000 earnest deposit and paid for the inspection and appraisal.This event is unprecedented in the area, as the area is typically low in violence and considered very safe.