There would be tons of traffic on a daily basis and it's projected to grow in the coming years!

I'm seeing MLS sold listings from $100K at the low end (17420 Schenely) to $130K (17824 Landseer)... so seems odd that you've labeled it 'C' rather than 'C+' or 'B' based on your scale and your stated parameters.Have you ever talked to @Art Perkitny before?

My rental is 30 minutes away but I could log on and adjust the A/C or heat.

@Hwan KimI would also look at it as the states with great cashflow are kinda like class C or worse (30,000 foot view).

I didn't install the a/c or the water heater that was all the previous owner's work. brought it up and have different plans for to help prevent break-ins, but even banks get robbed lol. 

However, around here, if you get to 2% or more, then you're dealing with class C or D properties and neighborhoods, and that just isn't for me.

I think it is better to buy a lower priced home in a C or B class neighborhood and make a better return. 

I wouldn't bet on getting any money back either...this is a situation where you have to weigh severing ties to get the job done or death by 1000 pin needles as he SLOWLY finishes the work.I'd also make sure you get him to sign a lien waiver before you fire him.

Why bet on possible future appreciation when you can buy today with equity below market value?

In my area unless I'm willing to go to c or d neighborhoods would not be able to find anything for less than 200k and would not cashflow.