Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Didn't want it to be a health hazard.Owner had the house checked out prior because they had the same concern actually.

I won't go into the details but I need a new PM ASAP.

That should give you a clue.For more details, read this and this.

A DSCR of 1.25 or higher is usually required.Property Appraisal: A professional appraisal to determine the property's value and income potential.Business Plan: Lenders may require a detailed business plan outlining your strategy for managing and profiting from the property.Experience: Demonstrating your experience with smaller multifamily properties can be beneficial.

Think of it like trying to save money on a doctor and potentially jeopardizing your health just to save a few bucks.

FYI, obviously I get MUCH more detailed than this example.

Everyone starts somewhere, and you're at a good start in that you have a big picture of the steps, but there may be a few detailed steps in between that would make it complete.Areas where there is clear transformations are great areas for finding deals. 

@Jamaal SmithIn Florida, the property appraiser provides a detailed mailing showing all taxes for last year, as well as the proposed taxes for the current year with any increases, as well as a column if the increases aren't approved (or something like that.)I think I missed the fact that you say this was a $600 increase per MONTH!  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!