I would adjust up or down if the neighborhood is particularly charming or still feels rough.  

So my response was ok you old broad, you win, you know I can't resist your charm, 80/20 it is.

I'm currently in talks with a BP agent/investor who I'm hoping will be the third time charm.

@Anastasia WardOnce sellers start getting the idea that you can AFFORD $200k, they will hound you (charmingly and sweetly), until they relieve you of all that cash that's burning a hole in your pocket!

I also built one home on 46 Aiken that was bought by Shep who is on the TV show Southern Charm.. he is the poster child of what is happening .. .but in the rental markets of the mid west these old dynamics are at play and still going the wrong way.. this is why so many get wiped out when they buy super low end properties.http://www.postandcourier.com/article/20141018/PC16/141019444

Sure we are all bringing a little skin to the game (again we are saving 50% or 66% down payment for each of us as apposed if we did it separately) and we also bring different skills and points of view to help suppress failure through our agreed upon business plan. 

Worked like a charm!

The property was built in 1900, has a ton of charm and in a historic neighborhood.  

I began looking further north to Baltimore, and it's evident that Charm City needs a helping hand.

Not a single complaint, works like a charm, and easy backend.