Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F#2One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

If the opportunities are limited and cash is plentiful, pay down debt, increase rents and make everything operate better. 

I've tried emailing the operator but it's been a couple of weeks and I haven't heard anything. 

For example - say you're a limited experience owner/operator buying a 30-unit deal in downtown Seattle (a Freddie Mac SBL "Top Market").

Remember the LLC can be deemed worthless if you fail to operate your business in accordance with  with the operating agreement.

or simply do not operate in that state.

I think the biggest challenge is making sure you have systems and operations in place early on.

We have done that a number of times, it is great once you have everything completed for the home to be licenced and you find a great operator.

A couple other tips;you can’t use the renovation loan to finance renovations to the commercial space. only exception is if you need to do repairs to the core structure or mechanicals that are integral to the building (ie, structural work, sewer lines, water mains)Make sure you work with a lender that knows how to do these.

I will also change all 4 BR windows (common windows have already been changed) and a wall heater (not operational) but consider these cap ex and not included in the $5k.