Community Banks are more likely to work with you as an investor, but they are going to require higher liquidity from you, a significant deposit relationship, and will likely not be as agressive with the loan terms that you might find with lenders that specialize in investor deals.

If you still have those properties and mortgages 10 years from now, rents will likely be much higher, and the value of the cash you are using to pay the mortgages will be much lower even assuming normal 2-3% a year inflation.

Depending on the neighborhood you may actually achieve higher appraisals if appraised as 5 separate units.

You're correct that the Clark/Fulton area is a bit rougher and is known for having a higher concentration of Section 8 housing.

But, that is still much higher then MOST states.

Income took a small dip for like a year then went higher than it ever did with all the Agents who are really nothing more than a drag on a talented young Broker.Anyways brother, that's my $.02, take it or leave it, but that's enough helping out the competition for me.

If you see a 6 unit that has 2 separate units both listed for rent and it's not remodeled, probably a higher chance of landlord fatigue.  

Enhancing your current property can often give a higher ROI than purchasing a new one.

Typically Section 8 assistance will track along the market rent for low income communities in the area (slightly higher or lower depending on the location). 

Inventory has come up about 30% in the last 4 months, something to keep an eye on in your market to see where the trends are at, and areas that are going higher than others