accredited usually means  200k a year income for last 3 years and a net worth of 1mil excluding personal residence@Ian Ippolito  Ian is that about right.if one is going out of statethe biggest boo boo's i see folks make is chasing yield IE willing to risk tougher tenant type and area type risks just to make a few % return more.where i see folks pretty happy and that means you dont hear from them is when they buy at the top third of the market IE in rent rates so if a market has rents starting at 600 and rents at 1000 to 1200 the 600 dollar renter your taking a bigger risk on .. and generally speaking teh 1000 dollar and up renter will be far more consistent and kinder to your property.Plus you need that about of gross income to pay for your cap ex.. so look at it this way.. you have kitchen baths roof etc. all the same they all cost the same basically.. but one you have 1000 a month coming in and the other you have 600.. you simply have an issue of not enough gross revenue to produce the reserves you will need... not to mention the wear in tear in the different tenant class's  at least as it relates to OOS and you having to pay for all parts IE management repairs placement etc etc.

@Ian Ippolito thank you so much for taking the time to provIde this thorough response.

@Ned Carey@Ian Barnes

-Ian

@Ian Whiteman - it is a duplex, the revenue it brings in has nothing to do with the value. 

@Ian Ippolito I second your comments.

Originally posted by @Ian Barnes:Paint in Baltimore City is 2-3 dollars a sq ft, My whole job is doing project management for investors out of state,  figure to gut a house its about 50 dollars a sq ft right now from a Good GC with an MHIC.

I am not a licensed agent nor am i an attorney.

Am I an ******* now for not donating to the kid w lung cancer today, so that I can donate to 25 kids years down the road?

Originally posted by @Ian Gilligan:Rolando!