Tony Silvas if it's only worth $75k and needs work then you can consider selling it as a fixer upper property for someone who wants a sweat equity property.

One of my leads is a fixer upper on a nice plot of land.

Here are the details: - 4 bedroom, 2 bath about 1700 sqft, built in 1883- Neighborhood: C I think, close-in 45503 if your familiar with the area- Duplex upper unit and a lower unit, each 2br 1ba - Current rent 300 upper and 400 lower (which is up from 200 and 250 in 2014), neighboring duplex gets 600 for a 3 bedroom but it's nicer- Expenses (prop management, lawn, bills, taxes... ) in 2016 so far $2200 and in 2015 $3200- Profit from 2015 was about $500 (had the upper vacant for most of the year), profit this year should be about $1,600- Appraiser $50,000 Zillow $58,000 Trulia $37,000 Estate $16,000- Bought in the 80's for $15,000Thoughts?

Its likely from all the standing water that it has started to rust out the duct work in the basement or grow mold inside it/throughout it (even on the upper level floors).Saw that recently on a property I looked at with 5 feet of water in the basement from when the sump pump backed up and overflowed (bank turned the electric off 3 years ago).

While HML loans are traditionally focused mainly on the property, borrower credit scores and risk profiles are now giving the better borrowers more of a leg-up in the application process.     

Use the search box upper right and you'll find most of the answers to your questions to help you get started. 

I also learned that you need two people to install upper kitchen cabinets!  

He works a lot in Grandview and Upper Arlington and I imagine would be accessible to west/northwest areas....let me know if you'd like his name.

Closing costs: $3515 (3.5% down on FHA)Conventional 30 year @ 3.25%Income: Current rent: Lower 2BD $800 (rented MTM but I think I might be able to get $900)                     Upper 1BD $500 (I would occupy upper)Market Gross rents: $700-1200 2BDMonthly liabilities: Mortgage (P&I): $399Utilities: $150 Vacancy: $65 (5%) CapEx: $65 (5%) Insurance: $90 Repairs: $65 (5%) Property Management: Self managedProperty taxes: $408Total expenses: $1241Monthly cash flow~ $58.64/mo (Unless I can get $900 for rent then it would be ~$145/mo)My current rent is ~$500/mo with utilities.

An upper cabinet would look weird.