Depending on the part of the town you could be dealing with a C or D rated area, this particular property I think is located in the C rated category.

That is also a good point about the good cash flow but in low C or D neighborhood 

Good to know the gentrification, however, I won't bet on it. 

- post 1950 build - In a C+ or above neighbourhood - Cash flow positive - single or multifamily -5% vacancy, 10%pm, 15%(cap ex, regular maintenance) - would prefer a quicker turnover not a full gut rehab Been looking on market, and my agent brings me some off market deals as well.

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

Hey Tryston,7.5% is a good number to bet on after ALL closing costs including your down payment.

We just closed on a house for 11K  while the ARV = 170K+ With a COR of about $50KIf you are serious about becoming a successful investor, you really should get a website and make it credible!

If I had to make a bet on appreciation this is where I would go to get that exciting, risky, appreciation that you could quickly build wealth on.

In my particular area, rent for a 3 bedroom SFH in a C or B- neighborhood has gone from ~$550/mo to ~950/mo in the span of a bit over a year.