The elevated appraisal would allow us to pull an extra $38k, which is now enough to start putting to work in another project. 

Okay so here's my elevator talk 😅Inspired from the recent "How would you start investing in RE with $500" post, that's basically what I've got right now 😂...

The subfloor is elevated about 2 feet off the ground, Supported by pillars and a Concrete sill that the house sits on.

I assume that the crime rate elevation might be in particular to specific neighborhoods and not indicative of the city as a whole? 

I'd love to know if anyone else would feel the same were they in my situtation.Here are the numbers and Data:1918 Duplex6 Bed/2 Baths2,281 sq.ftBanks Asking Price: $99,000My Offering Price: $75,000Estimated Rehab: $50,000Estimated Closing Cost: $3,000ARV: $220,000 (Conservative Estimate by multiple local agents)Estimated Rent (Conservative): $3,000; (Realistically $3200-3700)Verified Property Tax: $7,330/ann; $610/mthVerified Vacant Policy Insurance: $219/mthVerified Occupied Policy Insurance: $260/mthFlood Insurance: +$250/mth (Needs Elevation Cert: $350)NJ Landlord Fee: <$25/mth20% Down @ 5% Interest: $715/mthCAP-X: 5%Repairs and Mx: 5%Vacancy: 5%Property Management: 8%Okay, now the talking part.

We have to get an elevation survey first, then we submit that to the insurance company to determine the quote.

We have a meetup in Orem called Elevated Real Esate Investing where we meet once a month. 

I'm ok with working class neighborhoods that have elevated crime rates, stagnant populations, and low property values in this current phase of the market because I prefer to avoid appreciation (and depreciation) plays during a cycle peak. 

The property is elevated and there is a big drain in the back.

Elevation?