Those tenants tend to not have the staying power of investment grade credit rates tenants backed by thousands of locations with the lease.You really need a very experienced commercial retail broker/retail attorney/ or both helping with the process.An investment grade tenant might be 30 to 35% down, interest rate fixed for 10 years in the high 3's, with a 30 year amortization.

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

And there are definitely opportunities here.Currently working on a 2 unit for a client of mine, purchased 32k, Reno 20, two blocks from our new pharmacy & nursing schools. would love to chat with you

Put up gutters, grade the land with a cat 5 to slope down at sharper angles from the house, and put in some of the 80lb home depot concrete bags (the super strong stuff) in any problem areas.

That is a unicorn as the lenders in the industry underwrite properties in such a way that even investment grade tenants are 30% down.

Cleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

In reality, they are at the garden level and the two floors above.The garden unit is only about 2 feet below grade and is otherwise a regular unit... full size windows in every room, high ceiling, front and back door, separate utilities and ventilation.

I always have phase 1 pay offthe land, fence, Electrical, sewer, grading, etc.How many phases or units should you build to start?

If you've got SFRs, however, then you might consider (at least for future leases) billing back to tenants (assuming your properties are in areas that are C grade or better).

(it says you're in Austin, but $84k sounds like an impossibly low purchase price for Austin...though, I'm not an expert on that market).What grade was the property before your reno, and what grade is it now?