Quote from @Sahara Faughn: I am currently in Preforeclosure with a scheduled auction on August 20th, and I am under a special forebearance due to medical issues and having 2 small children under the age of 7.

Find out the median income of the neighborhood not the cityThe age is why you need to offer what you're offering 

There are a lot of details that would be good to know such as size of multi, age, number of units, etc. 

This aged well.

Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

I genuinely asked why you think not being born in the market you invest in would have any impact on success.THIRD: I didn’t realize your advice not to pursue it was because of his age.

If you are able to make an age related withdrawal or a loan from your 401k those could be good options since the stock market is currently at all time highs. 

I feel like the next 10 years, ie from age 47 to 57 are not necessarily ones during which I want to be downsizing or worried about money.

Hello @Nevin WilkieThis post is aged a couple of weeks but I hate it when misinformation is given so thought I would clarify a few things based on some of the replies I saw. #1. 

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.