Think you're a little shy on initial cost to find a SFR in C grade area,   You're closer to $100k + rehab of $20-30K for a 3/2.   

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option  based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000    vs    NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?

I just want to make sure there isnt an alternative I have not thought of due to my ignorance in my research since I was initially planning on residential. 

It gives you a chance to discuss options with the tenant such as electronic payments etc that they may not be familiar or initially comfortable with. 6.

Once you complete the property, you could then do a DSCR to pay off the initial fix-and-flip as then you will have the rental income to show for it.

Between my photo copies of government ID, lease where they initial and sign all over, and the signed application with all of their personal information which I verified through a background check, I think it may be difficult for them to succeed with this.I feel a tenant should always pay the credit card fees. 

Hi Ndu, Research any ongoing or proposed revitalization projects in the area, such as infrastructure improvements, new developments, or community initiatives.

I appreciate all the info and feedback, house hacking was what I was thinking initially for at least my first deal.

Despite initial maintenance challenges, the property is performing with a bright future.