Nonetheless, it was made possible by a local credit union.

I detailed LOCAL government will be on point.

Costs vary but can range from $1,000 – $3,000 per unit.Water/Sewer: This is more complex and may require approval from your local water authority.

The PM will also fix things when needed, using local handymen or contractors, and collect the rent for you.

Connecting with local contractors or experienced investors in your area is also very helpful for getting accurate numbers.For ARV you’ll want to look at comps; You can start on Zillow or Realtor.com but I highly suggest connecting with a local agent.

In my experience, success in D-class areas almost always requires being local, extremely hands-on, and self-managing.

As for finding a contractor, asking local investors for recommendations is a great start.

I'm also hopeful to get some local cooperation now that he's claiming partnerships with local government. 

I would get on the phone with a local lender through a local bank. 

I've talked to two local agents about possible price points to list at, but it almost seems like they are pulling numbers out of a hat.