If you use rento-meter pull a pro report and look at the map of where the comps are and be cognisant of which neighborhood your subject property is in.

These properties often have systems with about ten years of life left and are situated in neighborhoods with appreciating property values and rental income.The cash flow from a property largely depends on your down payment.

I’m also in the process of reaching out to people in my city/neighborhood who are experienced REIs, RE agents, and GCs to get their insight and pick their brains, start to conceptualize potential partners, etc.

My guess is these are properties in lower tier neighborhoods.

I think in a bad neighborhood as well.  

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.

Hello, I am looking at two currently Section 8 occupied rentals in the Eye Neighborhood in Detroit and Morningside.

Anyone can share with me research about all neighborhoods on Columbus ?

In order to harness as much of the effects that add to your net worth you want to buy as many assets as you can, and as much quality as you can afford.It is very tempting to go into cheap neighborhoods, but especially with the old housing stock we have in the Midwest capex will exceed cash flow over time and you are not building equity.Consider your first deal a proof of concept.

This is not a place to be cheap or shop around.