I'm not sure what you mean by your middle paragraph though. 

North Linden, South of Main, Vassor Village, Woodland Park, MT Vernon, Milo-Grogan, Franklinton, Merrion Village, Hungarian Village, Southern Orchards, Driving Park, Olde Towne East, Franklin Park, King Lincoln, Old Oaks, Livingston Park are all but not limited to some areas in Columbus, Ohio I think will gentrify quickly and make for great long term buy and holds.

@Michael Dumler cap rates might be that low for A+ assets in great neighborhoods in Portland but there are still deals at 6+ if you’re willing to go further East past I205.

The rent is due 1st of the month and if all goes well, then the earliest I can have the rent is middle of the month. 

I moved back to the east coast for family reasons, but wish I had stayed.

What is the best way to succeed in real estate without a ton of capital for someone who doesn't own anything yet in a high COL area (like San Francisco's East Bay)?

The golden nugget is a lot in the middle of the two houses, where I will build something new.

What kind of vacancy would a house like this have out in rural north east areas like NJ/NH/PA?

@Ilgaz Arikan are you looking to run a business that you are always either on call or is not profitable or are you looking for passive income or something in the middle.

Plus, the lower-income neighborhoods rarely appreciate as much as the moderate to middle-income neighborhoods unless they experience major gentrification.