To me it seemed fairly residential, and rentable area.Also,Does anyone know if it's true or a rumor that there is a Toyota/Honda parts factory being built in Anderson?  

@Graham Lutz I'd approach things differently from looking at where a factory is opening or what markets are hot.I'd start with the list of Metropolitan Statistical Areas on wikipedia, which you can sort by growth rate:  https://en.wikipedia.org/wiki/List_of_metropolitan...Even though there are growth rate variations within MSAs (i.e., declining areas within growing MSAs and vice-versa), to make things simple, I would avoid any MSA that is declining in population, period.  

I will say that most people, myself included, tend to have blinders on when it comes to the properties they own - you look past the weird layout, or the factory next door, or the fact that there's 3 different types of siding on the house, etc.

A town of 1,000 that was 300 is different than a town of 1,000 that was 10,000 until some hypothetical factory closed.

One realtor told me I could rent it for $2,000 a month, but I just don't see that based on comps in the area.The other factor is, I have a good income, and thinking through the hassle of renting to MAYBE make $100-200 a month doesn't seem worth it.

and after few days and a I put a contract on a property, he tells me he can't do 100%, must be 90%...thank goodness...my desire to get the 100% loan is not for the lack of cash (otherwise I would have been in deep $#@#)...but now all my ROR and Cash on Cash analysis is significantly different...at least now I don't have to worry about the "Infinity" values coming up due to the $0 down payment...lolI guess, I don't have an exact question, when it comes to the second point. other than that I feel dissapointed about my upped front out of pocket...should I be even dissapointed or should I look at it as saving on interest since a loan interest rate is higher than any guranteed return Money market or savings account and I still have the equity rather than Cash...but then again my risk factor is higher now.ughhhany thoughts..comments mostly appreciated.thank you all for such a great website, forums, and tools!!

What a great name Amazon could give itself for investing into a community that needs the help and could really Help make Gary Great Again "MGGA"   However even if this does not happen there are over 4 billion dollars worth of renovations happening in the next 3-5 years on the steel mills that are coming here or expanding or the Tech center or the renovations already happening at the airport or the candy factory expanding and the Harbor that is opening up to new industrial development and the new school that is being proposed.

You have to determine your own risk factor. i used 50% rule for expenses, it could be higher for a class c property.

Not sure if the appraisal takes into account of the zoning factor, I suspect, you property might worth a little more than that just because of the zoning.

Didn't yet know about taxes, insurance, vacancies, repairs, stupid factor, etc [yes, stupid factor is an expense]) About once a year the seller/original borrower asked me when I was going to pay back the loan.