It is a gated community, and has well kept externals (newly paved road & parking; well trimmed yards).

My experience is that the appriaser's tend to watch their P's and Q's more than others because having that FHA designation is like printing money these days.The last FHA appraiser I met told me " you can't influence this appraisal". while I tried to hand him my hand picked comps.

Cities/Neighborhoods AvailablePrice Range by classPro Forma ROINeighborhood class rangeCap rateVacancy RateAverage Rental ratesManagement company (internal or external)Years turnkey in businessYears management in businessProperties under managementMonthly Management FeeOther Management feesTenant Screening processCan properties be independently appraised?

Sometimes there can be factor of external obsolescence that will keep that part of town from ever being in as much demand as the others, but  more often than not the growth will spread to fill in. 

I prefer to screen my own tenants and hand pick to suite my personal requirements. 

We qualified for a 95% LTV, variable rate HELOC at 5.6% starting APRStrategy:The original goal was to convert an external garage into a 2 story cottage.

Now I know there are many factors such as location and stuff like that but let's consider the external factors to not affect this.

I'm curious what factors, either internal or external, folks think allow someone with a poor business plan and background to still raise capital for their syndication. 

And certainly neither your property nor your automobile insurance will cover you if you are found negligent in a serious accident (this is an external “threat” to your assets).Insurance companies don’t cover “gross negligence” or “fraud”, and when the claim is large they will find a way to deny it, if possible.

Find an area where many investment property companies do business like in ohio, florida, memphis, atlanta etc. these companies have plenty of investment properties ready for sale - rehabbed, tenanted and managed by their handpicked property management firms- complete with comps as to ROI, COC etc. buy 5 each from 4 competing investment companies and walah, you have 20 properties just like that!!