Just going through anything I can think of before I attempt to buy/manage out of state.

If the situation as you described truly exists than it fits Warren Buffet's Maxim about how Berkshire Hathaway invests: "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful" Can you find a deal that fits your goal?

Increased NOI thru increased section 8 rents ( have you factored in or increased vacancy) or decreased expenses  ( Have you considered RUBS for utilities to decrease expenses ) of $36,208 @9 cap should increase valuation to $402,311 at which point you could either attempt to sell or refi with commercial lender at 75% ltv and pull out your original 80k+ and simply enjoy the monthly cashflow.

If that's the case, the demand for coming to city would dissipate resulting in potential oversupply that is currently being constructed in an attempt to match the growing demand in the area.

Unless it's illegal in your area for contractors to take on work without a license, or local code prevents a GC from pulling permits, the only real disadvantage is that the contractor can't be censored or punished by the licensing body, which usually takes the form of loss of license and fines.

Also I am no hedge fund :)here is Apartments.com recommending the practice https://www.apartments.com/ren...So how do you handle face tattoos, impolite communications, late to showing, aggressive demeanor, spends 5 minutes looking at house, trashy interior of vehicle, allows kids to roam unsupervised, attempts to negotiate deposit / rent, asks about parking Harley on porch, etc.

With one year worth of corporate tax return and 1099 tax returns from the year prior, I attempted to get conventional loans from banks this summer, but they were giving me such a hard time with the required documents as a employed person. 

With one year worth of corporate tax return and 1099 tax returns from the year prior, I attempted to get conventional loans from banks this summer, but they were giving me such a hard time with the required documents as a employed person. 

You can actually get 30somethingK SFH in Erie that aren't in awful parts of the town but I would suggest knowing the city areas well before attempting else you'll end up like some of these out of town investors buying on German St., Ash Street, Wayne, etc.

My question is has anybody attempted to use the Investor Carrot site to go after multifamily leads with any success?