I recommended actively changing the environment around him, which he isn't the rightful owner of, to effectively make the shed an undesirable residence.

Appreciation can be $150 per door in a good market.17K properties you can buy 8, because you're price is too low for financing, it may be to low or undesirable even if a HML or private lender would dare go there. 500 in rents is 4K.

Hillsborough has some very nice areas that will command stupid prices (South Tampa) but there are more undesirable, or rural areas than nice neighborhoods in my opinion. 

It truly is sickening, to know that people are being sold over priced, under rehabbed properties in undesirable neighborhoods to newbie investors. 

It is typical, but my guess is that they want to be sure you have no "undesirable" criminal offenses; selling drugs, murder and the like, and also to be sure that you can afford the regular HOA fees.  

Now, that I have spoken with my buyer, I know that he would buy this property at 70% even though it is an undesirable 2/1.

Purchasing an undesirable property because it's "a good deal," which leads to attracting people that have no respect for your property.2.

Dana Chun they owe you $7,200.I would also read the leases carefully as you don't know what other undesirable terms are hidden in it.It's not an uncommon trick in multifamily properties for the seller to cut sweet deals to some tenants just before the sale.

Many of us have also been in your situation, having a few surprises after purchase and some undesirable tenants.

I was looking at housing in the area, but all the cheap stuff is of course in undesirable areas and probably not worth the risk.