Everywhere I turn all I see are pitches for affordable housing and the same (not so) compelling arguments regurgitated by syndicators, capital raisers, brokers etc. for the investment strategy....strong returns...lower volatility....supply (huh?)

welcome, would love to connect and network. congrats on the move

I would love to find something that is has value add potential but not looking to full rehab.

This is the percentage of costs (purchase and rehab) covered by the loan.

Are you looking in the Phila metro area?

While the 6% property tax can seem high, I’d recommend looking at the full picture.

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I apologize for not coming back here to update my own comment thank you for clarifying this though because someone reading this later might get help from this so thank you again.

How do I know if I'm talking on the phone with AI?  

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out.