You can rent them out in the interim, but like you said, the areas that are a little bit rougher or farther from public transportation probably won't rent for as much just yet.

My particular criteria: under 100K sfh or 2-4 unit multifamily in B/C areas that require light rehab, 5%+ cap rate that meets the 1% rule, properties close to public transportation and colleges preferred. 

What is the daily traffic counts from the department of transportation?

Who transports?  

Account Closed  the other issue here is Portlandia has all this high density no parking zoning along public transportation routes.. now a lot of it has been built since the crash.. but little will be built now and there ya go grand design to cram everyone into living with no cars is not going to work since developers are not going to build out these areas. its funny Porltandia lead the nation in getting things going when they gave the 10 year tax breaks in the Pearl and other areas of the city to stimulate growth and it did big time.now they are going backwardsMaybe Carls  container homes will be the answer  :)  container villages.

A real estate agent with require that to show you opportunities.Start identify communities and neighborhoods that have strong transportation back to the City (Train & Bus)Evaluate the rents for 1,2,3 Bedrooms to match up with your search when evaluating properties.Let me know if you have any questions.Regards,Joe Scorese

Transportation equals jobs and paying rent.You would need two months of current pay statements.Let me know if you have any questions.Regards,Joe Scorese

First house bought single family house from the state department of transportation at an auction.

Met with Penn Dept of Transportation (Penn DOT) got their requirements3.

In places like this, things such as providing shuttles/transportation for tenants is not something you as a landlord would do.