Unique neighborhood and product within local market.

@Allie McAlister I'm looking to stay local to begin with.

House hacking locally is typically going to be the least risky way to get started, even if it is more expensive of a property.

@Diana Mulvihill A lot will depend on your local market and competition.

I can check in with my local bank, but I don't want to waste their time when I'm not yet serious about doing a loan with them.   

I'm a part-time CFO (Chief Financial Officer) for real estate developers across the country, most of whom are trying to give back to their communities through their real estate development skills.I'm also a former Director of Lending for a CDFI that lent money to local developers rebuilding LMI and under invested communities. 

We get granite for around $40/ft installed from a local shop. 

The 6% vacancy rate is a good estimate, but local market fluctuations could affect rent.The HML terms (11.95% with 3 points) are high, so ensure a clear timeline for refinancing to minimize interest costs.

Is the washer price set higher then the local laundromat and are the dryers priced lower?

I've been studying different real estate strategies and would love to understand more about how the permitting process is evolving in that area.Did the realtor mention any specific changes in local ordinances, or was it more of a general observation based on market trends?