If you can find buildings in areas that attract a mix of A and B class tenants, all the better!

Brie Schmidt Brie,What is your unit mix if you don't mind me asking?

@Ann Bellamy a default for a HML in the scenario you describe would lead to a huge loss for them.now as you state maybe a unicorn.. or someone who is totally ignorant... non recourse is 40 to 50% down.You can try dohardmoney.com  they charge up front 3 to 5k with no guarantee of funding.. and with very mixed reviews  some say they got loans.. others have blown 5k and never got funded.. if you want to give up equity this could happen ... you can put 10% down with Gorilla in Eugene but they will want PG and they will want significant upside.so you cant have it both ways  lowest rates HIGHEST risk.... unless of course you simply use your own money then

I'm getting mixed reviews about the area.

A lot of properties in the area are zoned as RCC, mixed residential and commercial.  

For maintenance assuming the complex is large 40+ units, it would be good to hire a maintenance tech who solely handles that property.  

@David Bokman Agreed  one  could  get mixed up value  wise    simply  going from block to block in  the  same  area  when analyzing  philly.

I even think there may be opportunity to do some mixed-use space on the first floor, most likely just small rentable office suites for professionals (think lawyers, CPAS, real estate agents etc.)

It’s everywhere frankly, it’s in real estate, tech, business startups..

Build a local team that is familiar not only with the area but also with the type of property you are purchasing - location, unit count/mix, rents etc...These folks will be your boots on the ground.