Based on your response that's where I'll begin then follow up with a contractor for the ticket price.

Hi Brian, Yes I did a bit more research after the initial response and found the same information you just described.

This is because there is a greater likelihood I become personally responsible for making payments on the $80K loan

They are in Fountain Square, Crooked Creek, and Forest Manor/Audubon Gardens.I normally see expense ratios sitting around 40-50% for SFH's, is this accurate for this area? 

These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.

Is that accurate?

Expanding on Kim's response.

I want to say its like a C neighborhood (not sure if there's an actual site that'll tell you more accurately).He already has a team in place and I'm pretty much just taking over his property and its pretty stable.

They do a good job being responsive and getting things done, but the final result was just not there for us.

Quote from @Josh Madigan: Thanks for the response, this makes sense.