Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

This is holding me back a little and I am currently shopping for other lenders, banks.

Appliances and fixtures were old and tired.Basically, the core bones of the property were good, but there were a lot of things that seemed ripe for easy improvement.The location was great, right next to the town’s primary commercial district, with a grocery store 100 yards away, coffee shop/bakery, Post Office, drugstore, hardware store, hair and nail salons, barber shop, dentist, bank, a half dozen restaurants, and a variety of other shops and services.

In these cases, looking at recent sales of similar properties in the same neighborhood is a better indicator of value.

For example, maybe a house hack where you are offsetting your housing expense allows you to live in the heart of three key quality of life factors (Where you work, where you leisure, and where you shop).

Those who show, I interviews and lease based on answers. my property is in a D neighborhood and most tenants aren’t the best and most won’t submit credit/background checks. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Shop around for the best financing options that suit your needs.

The 46218 zip code, specifically Martindale-Brightwood and then Near Southeast were a couple places that caught my eye as more affordable with good cash flow opportunity while still being B- neighborhoods.

Usually strategic locations suggest good fundamentals which means you are in a neighborhood where you wouldn't have to rely on section 8 tenants.