I’ve found that C to B-class neighborhoods tend to perform best for Section 8 rentals.

A truly "motivated" seller tends to not really care the amount of earnest money and you could also structure your EM due at end of your inspection period.

Today, the door is boarded up and there is no glass in the upper-story windows.Nicole Lawrence, executive director of the Tenant Union Representative Network, said such deterioration tends to spread blight throughout neighborhoods, diminishing safe, affordable housing opportunities in communities where they’re most needed.

Seems like an uphill battle and as Jay pointed out it would be a long, expensive process that tends to favor the seller (judges don't take forcing people to sell their property lightly).

Of course, all channels can work.. from seller financing to foreclosures.. but from my 30+ years in real estate, I’ve found focusing on cash flow analysis tends to pay off more reliably.So here’s the big question that might help steer your next steps.. what do you think would make landlording less stressful for you.. a property manager, or maybe a smaller property until you get more comfortable?

If they are projecting a 24% IRR, I know in 5 milliseconds that the sponsor is likely marketing to unsophisticated investors.Ideally you should do your own underwriting, but I found that sponsors who are honest enough to project a 12-14% IRR tend to be the most reliable ones who will be the best stewards of their investor's capital.

Even in challenging times, well-bought properties in strong markets tend to perform over the long haul.Key Questions to Ask YourselfWhat is my investment strategy (flipping, buy-and-hold, short-term rentals, etc.), and does it align with current market conditions?

So I don’t tend to use the appraisal on this property as an example of what is normal for my deals.

With regard to the proximity to the beach, I tend to have a beach distance of 15 min or 5 mile rule, whichever is less. 

Not sure why people go for 40-year fully am instead of just traditional 30-year with 10-year IO option, I tend to think the 40 year term is more of a gimmick