You could easily be $100k in for water/gas/power/sewer if you’re talking 4+ lots. 

However, a few things you could do: You could talk with them & learn more of their story to figure out why their credit score is low as well as the type of people they are.

I would talk first to an electrician as many do fire alarm and life safety.

Thanks Talk to experienced PM's and Landlords in the area.

(I recently saw an article in Forbes talking about the Bay Area’s shifting market) And if you aim to hold properties long term, keep your eyes on towns around the Bay that have had consistent rent growth.Here in my home market of Phoenix, I see investors branching out to places like Austin, Chicago, and even Omaha from what Ive heard because they recognize how trends can shift quickly.

Your $30k should be your emergency fund and not used for new investments at this time.Consider talking to a CPA or financial advisor.

@Rafael Ramos you're talking about chasing higher-risk properties for the corresponding higher returns.- Just be sure you fully understand those higher risks, so you're not blind-sided about why you're not getting your on-paper returns. - Also, Section 8 is NOT what most investors think it is - or else demand would have caused the returns to drop.DM us if you'd like to discuss applying the above to Detroit market:)

If you want it confirmed - then yes, confirmed, assuming that we're talking about a property that will be held as a rental. 

Do you have a internal memo stating such?

Your best bet is to go to real estate networking events near those areas and talk to those who have invested in those areas.Best of luck!