While the location is great, parking is an issue, and can really only accommodate about 4 - 5 cars total at time reasonably. 

I plan to put a $600 utility cap in the lease.

@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Hiyun Park will DM so as not to get censored:)

We purchased this buy and hold historic duplex which faces William Land Park in Sacramento.

Don’t ever tell your banker you plan to live there.

Enhancing Parking Facilities.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $75,000

Cash invested: $85,000

Single family. Turned into 4 beds, 2 baths. Reframed entire first floor to due prev...

Louis, MOKilleen, TXWaco, TXTopeka, KSTulsa, OKLooking forward to hearing about your plans and experiences!