@Rene Lee RamirezThe most effective rent collection method is whatever works for the tenant - except picking up rent!

@Hamp Lee III appreciate you reaching out. 

BTW - the "flip" side of this is the model I remember a bunch of crotchety guys doing down in Lee County FL. 

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, FairfaxI have a graded neighborhood map of these areas as well if you would like to check it out.

Hi Lee, are banks refusing to lend you based on the equity in the homes too?

He will need to be around 100k and can get in Lee Harvard area, 

@Ruby Lee ask your lender to quote both options, so you can compare them, the rates might be different and the mortgage insurance will likely be different, also consider the upfront costs of each. 

Thank you for clarifying this.A couple points to expand on for the general community, we are mainly focusing on building in Lee County in SWFL. 

I just picked up a 7 unit all in 200k, net rent about 38k, and will go higher. 4 br in Lee Harvard, all in 75k, rent will be about 1300, , 2 br, all in 55k rent 850, Con, not much, just need to know what you are doing or have a team around you that does. 

@Hamp Lee III Thank you for sharing the Naca program, I just signed up for the workshop!