They offer a mix of historic homes and proximity to downtown, making them attractive for renovations and flips. i totally agree, how long have you been investing?

Playing around with filters should help me narrow down rather quickly till city level, after that would be more local resource based play and leveraging ones network.Keen to read more on this. 

I choose leverage for a few reasons at this stage of my investing. 1.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Leveraging financing to acquire multiple properties is a smart move for long-term wealth building. 

They are making some changes in this corridor. I'd keep an eye on ancillary properties that become available. 

I’m an active-duty pilot who bought my first deal a year ago (long-term rental) and now found a potential short-term rental in Pensacola’s historic district.

I've found alternative lenders have been less concerrned with DCR on the heavy rehab rental asset opportunities and if you are able to stomache the higher finance charges, you can get better leverage and also avoid the pre-payment penalty when the property is presumably refinanced.

Real estate has long been the foundation of lasting wealth, proven by historical and modern moguls alike.

To make the acquisition feasible, I utilized an FHA loan, capitalizing on the historically low 2.875% interest rates and the attractive 3% down payment option.