When I operated in "D" neighborhood world, I would only do m2m leases.

In regards to your budget, you could certainly find a multi fam in many BK areas for around $1mil, they won't be as developed as the neighborhoods you mentioned, but certainly have upside.One final thought, if you do go the condo route, I would choose a more established area such as Ft. greene, Downtown Brooklyn, Park Slope, etc. 

And buying in good neighborhoods OOS is important as well. 

purchase price 290,000 at 7.35 rateCan get about 2500-2600 a month in rent. happy to answer other questions but I'm very new to this so feeling iffy about it.What does the area and neighborhood look like?

It’s unlikely that you’ll be able to negotiate the terms of the deal so all the lawyer will be able to do is point out what they see and then it’s up to you to decide to accept the terms of the deal or pass.A good securities lawyer will run you somewhere in the neighborhood of $500/hour.  

Section 8 is the way to go when dealing with a neighborhood like this.

Sometimes the lawyers worked at bigger shops earlier in their career but left for a better lifestyle.  

One stop shop.

. - We've Class-rated the 183 Detroit Neighborhoods, which we're not aware of anyone else doing in any other market. 

This will be my first deal ever, and it will be a residential, commercial property, SFH, storage units, an auto shop, and one large storage unit that a business is operating in.