The properties tend to bring in good rents for their value and are of course not nearly as expensive as the city.

The type of properties we tend to buy in Milwaukee are just over break even in my book, but you could easily call them negative cash flow if you start adding percentages for reserves.

However from my observations the squatter occupied properties tend to be in lower barrier markets and I wouldn't personally want to spend my time and effort trying to create value in such neighborhoods.

It does tend to keep laziness and lack of effort from breaching the wall. 

There are many brokers who work with investors and they tend to have different approaches and terms from one another.

In general military orders tend to last 3 years and so a large number of service members choose to rent instead of buy.

Capitalism, and the United States, tends to see the standard of living of it's people increase over time. 

Sam, Randolph, and Camp Bullis and knowing where those active duty personnel tend to migrate towards helps.

Basically if the interest, taxes and insurance (ITI) is equal to rents it qualifies instead of having to qualify rents against a full PITI (principal, Interest, taxes & Insurance).There are also some DSCR options that can use the STR like VRBO which tend to be much higher then the LTR - long term rents.

@Ben BolingbrokeI would tend to spend my 30k on a new TPO roof or marketing to find deals, however, I think if you can get going on MF investing then 30k is an insignificant rounding error.