@Saeed Jassani appears you are not only comparing two different markets, but probably also two different asset classes.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

There are certainly people out there who will do anything to make a deal and make a buck but it's not in my best interest for the client to a) not trust me moving forward and b) have millions of equity wiped out which could hinder future purchases.

https://servicing-guide.fanniemae.com/svc/b-8.1-04/terminati...It does not help you at this point, but this one of two reasons we split a 15% non-owner property into two mortgages to avoid MI all together with a first mortgage at 75% and a second mortgage for 10%. 

The cons of this are that you will have to fund the A-B side of the transaction.

Good stuff, although in our experience, most investors going OOS, don't do enough market research.We really push understanding the property Classes of the market, so someone doesn't put "lipstick" on a Class C or D and sell it to an OOS investor as Class A or B!

Investment Info:Single-family residence fix & flip investment in Malmstrom A F B.

If you have C or D class tenants, they will be harder on the property than A or B class tenants.

Here are some of my individual goals:- Purchase class B multifamily assets with 25-50 units, and value add opportunity, in key cities in Ohio and Michigan - Create joint ventures to take down initial properties- Start a syndication to purchase additional properties- Create a brand with a thorough online presence Please connect with me if these goals interest you and align with your goals.

I closed on a nice house in a B to B+ neighborhood in Ontario, CA.

Quote from @Bill B.: Tell the original seller so he can be there with a copy of the deed to prevent the placement of the mobile home?