I managed a SFR on Evers Drive in a pretty decent area that made for a classic 2% type property.

If the property was just repurposed/ rehabbed I’d make sure the taxes reflect a current assessment...this is done in arrears.

Olympia Federal Savings is a classic portfolio lender.

In your sentence above, change 'gold' to 'fine art' or 'classic car collector'. 

These "dumps" are classically class-c rentals in poor locations. 

And I think the segement will fare better during a recession in comparison the the top end luxury segement, perhaps also better than the bottom end.The duplex housing stock offers better opportunities; many of the classic 1960 Milwaukee brick four family buildings were mass produced one next to the other and are in lower income areas.

It's the classic case of the victim getting punished more than the assailant go figure.

I plan on doing another direct mail campaign next month marketing to just multifamily owners in the Myrtle Beach area, since this is where I want to focus....I feel like I'm stuck in the classic "which comes first, the chicken or the egg" conundrum.  

The basement has a 2nd kitchen which is in much worse shape than the original upstairs so I plan to remove most of it and re-purpose it into a utility/laundry area.  

Right now my roster reads something like thisHow to Win Friends and Influence People by Dale Carnegie (I very highly recommend it; its spectacular)The Miracle Morning by Hal Elrod (heard about it on the BP podcast)The Classical Liberal Arts of Trivium, an anthology compiled by John MartineauRich Dad, Poor Dad (again) by Robert KiyosakiThe Book on Investing with No (and Low) Money Down by Brandon Turner.This is a little bit more than I usually tackle at once; I like to keep my reading more focused, but all of these books are very interesting and most are pretty easy to read.