I will also be reaching out to the FBI as this apparent fraud appears massive and extends across state borders.

If you were in the area or if you have someone that really knows the market in the area you could take that gamble and it may pay off but just as easily it could leave you selling for half of what you purchased it for in 5 years.Now my final disclosure, BEFORE YOU BUY ANYTHING in Port Huron you need to go read the new zoning rules that the local government has passed that no longer allows rentals in certain neighborhoods as well as the landlording regulations that require rental certificates and inspections.I do want to let you know that when I started investing in Port Huron in '09 I had hoped to buy bad houses in the Hospital / College area, fix them up and rent them to stabilize that community.

Again they are much more common in border towns ~50-100 miles outside of a major city.

My wife and I are looking at a duplex in Waynesville, just on the border of Maggie Valley.

Both towns border Keansburg.

Either way, I believe it is all a gamble if the redevelopment plan comes to fruition or not.  

As my GC says: "if it's stood straight and true for the last 100 years, it'll probably make it at least another 25".Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).Good luck out there!

Suvir if you have a million and want to drop 40k on a PIG property then it's a gamble you might want to take.If you have 60k total and 40k is going into this property from overseas in a rougher area you could end up taking a loss.I have never heard of C tenants being less of a headache than A tenants.

I'm Looking into DSCR but am not sure if they'll do cross border lending.

It may very well come up in the next few years, but it seems like a gamble at the moment.