Often, these numbers sound incredibly high relative to the loan amount.

In regards to the numbers you're calculating they seem to be relatively conservative in my opinion, to be direct it's more than I use for homes that are in good condition.

High crime is sort of relative and varies from person to person.

Your best bet is to start a relationship with a local lender so you can get on the same page about what you need and when.

Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.

(as it relates to within town limits)-Average rent rate for 1BR and 2 BR units-Average market lot rentThank you!

Hey @Culver Bradbury (any relation to Ray?).

Too many people involved to do a relatively simple transaction.

Related: Is it possible to do a convertible note when lending on a deal?

If the unit is vacant, we don’t charge a monthly fee.For situations like yours, where the house needed extermination and other prep work, we would typically only bill for the costs directly related to the work or services provided, not a standard monthly management fee.Your expectations aren’t unreasonable—getting the house rented ASAP is a valid priority!