The bread-and-butter 2-6 unit multifamilies are still NOT appealing to the people you're envisioning in the areas you mentioned.The Elm to Maple corridor tends to brighten up a bit as you move north from Bridge Street--say, from Prospect Street north.If you live in the building you have a degree of control over who you're renting to, so that can insulate you from some problems you might encounter as an absentee landlord.  

A typical reposition deal is financed by bridge lender (local bank or hard money) and they usually require you to come up with 25% of the purchase price and repairs and personally guaranty the loan with your other assets.

USREEB, Bridge Equity, and Pinnacle Investments are 3 that I see on BP all the time in the KC market.  

(See our information on how to withhold rent.)Jeff Bridges Do you know for certain that above code requires a vent or heat source for each room, or is it acceptable if the main heating source will heat a room to 68 degrees with the door open?

Hey guys I live in Breaux bridge around lafayette and have been trying to jump into real estate.

Has anyone heard anything about Sherman Bridge Lending offering a 6.99% loan on rehabs?

If the goal is to cash out and later refinance into a conventional loan with favorable terms, there are some bridge options that can do up to 80% for 2 years. 

If not, she could also possibly consider buying with a bridge loan and refinancing once she has 2 years of filed tax returns documenting the income.

When the bridge gets fixed next year, the allure will return to that amazing neighborhood. 

I'd also look into "worst-case-scenario" lenders like a bridge loan.