Even towns of less than 10k, as long as it is in a "good part" of town and there is somewhat stable growth in that area, then most lenders will not add any additional underwriting guidelines, especially if it is rented out.I always like to do the Walmart check (kind of what you recommended being by a store).

I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.

Great day to all,I've just been soaking up all the online youtube videos from Bigger pockets one after the other and I've made the determination to scale my business massively using the multifamily addition into our (wife and I) portfolio. 

I would love to get a property in the NW DC that is run down, add additional floors and then make it an apartment building.

In addition to your realtor, you'll want to reach out to local PM's, decorators or contractors, etc.

In my experience in MO, land bank properties are very low priced (these are generally properties/parcels that weren't sold at the tax auction), but they often have significant tax liens on them that must be cleared in addition to the "sale price" AND they require a significant amount of rehab in order for the properties to be inhabitable. 

I'm not saying this to deter you, but there are some additional regulations I think everyone needs to know before they jump in. 

And I could use additional 200K or so to fund my next investment property. 

I'm curious if there are additional distressed Crew DSTs out there.

Are you prepared to kill the deal if the seller does not give you additional discounts/credits or security deposit credited to you?