Just need to stat under the occupancy limit.Also keep in mind basement needs to be livable square footage, ie have egress and proper ceiling height. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

A lawyer might be able to answer this better, but most rentals fall under fair housing laws (there are exceptions) and that protects against discrimination based on familial status which means children or someone who is pregnant.

Buy 80% under value is a good place to start.

Of course you will pay a $200k loan off in under ten years by making an extra $150k in payments over those ten years.

The more issues you can take off their plate before you lock it up under contract the better you'll be.

I am looking at Ohio because I can get there in under 10 hours.  

I am looking for other investors to partner with to fix and flip the properties I get under contract.

It's being sold for a little under 400k.

So at this point, IDK, I think maybe the Boggy-man looks under his bed to see if I'm there, lol.