That is why large private equity firms and buying up parks all over the country... they have great cash flow and don't require a lot of 'management'. 

Most of my zombie properties are located in "C" class neighborhoods in Dayton OH.

On the flip side I've seen neighborhoods where we manage multiple units and the house is leased in less than 2 weeks.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

We saw neighborhoods revitalized when the city allowed for more mixed-use and multifamily projects..

We want to help our neighborhood by renovating a distressed property in the hopes of giving others the inspiration to do the same.

I’d recommend having this discussion with her now and just get a firm move out date whenever that is.

I'm with the nation's premier cost segregation firm here at CSSI.

I understand home designs are pretty expensive, and cannot just be applied to any lot/existing neighborhood.

Because it will be very hard for you to know if he is selling you a deal in a good neighborhood, in good condition, and then placing good tenants.As others have suggested, see if there is a syndication deal that fits your investment goals.