(Large hump in middle of room plus cracking along drywall), mine has a large basement(cant count as living space due to no egress) old kitchen cabinets, old furnace, old windows(condensation in between panes).

cash flow from the beginninglocation east of I-95large lot for re-development in futureaffordable down payment How did you find this deal and how did you negotiate it?

The cashflow in MI relative to price/cost (RV or rent to value ratio) is good enough where this strategy might work better than our east and west coast cities where RV ratios are like .3-.6% of price per month.

I am giving all of the agents who do this a blueprint for success on BiggerPockets and a highlight to what could get them banned.You must be someone who just likes to hop into the middle of things.

However, the rents are slightly lower and could potentially wipe out your monthly cashflows with one major repair.As for higher appreciation market like West/East Coast, it's more expensive, but rents are higher due to a strong labor market, there will be a certain amount of demand for those markets, but the downside is that you will need to be creative by adding more values for the property.

make sure to check the specific ordinances for the college area, know whats blocks you want to be on, west side of river or east, etc.. 

That would make East Clev, an K lol All the best Jay 

Just note that if it is cheap (<$60k), there is a reason.Both the east and west side are find.

As a Jersey guy I get it 😝 Off the rails is my middle name.

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.Housing Market: 77008 features a higher percentage of family households (52.39%) and married-couple families (44.77%), suggesting stability and potential for property appreciation.Digital Advertising Demand: Houston Heights apartments (77008): 50,000 average monthly searches.