Developing contacts with other investors may lead to useful information, assistance, and even joint venture prospects.Examine the several financing choices that are available for buying houses, including conventional loans, FHA loans, VA loans (if appropriate), and even portfolio loans from nearby credit unions or banks.You might think about contacting mortgage brokers who focus on investment homes.

Please feel free to check out my profile for more details on the investment, but we were able to spend 1 year slowly renovating the apartments as tenants moved in and out, invested heavily into leasehold improvements (long-term fixed like HVAC, water heaters, exterior paint, property drainage, etc), converted month-to-month tenants to annual leases, and raised rents to market. 

Purchase price was typically between 40-70K and improvements were laminate, paint, fixtures, appliances, etc to make them rent ready.

In my office, we conduct a full credit/criminal background check.

That being said I’ve been trying to get seller credits for a 2-1 buydown on my rate.

To assume an FHA mortgage you have to be approved as to credit score and debt to income ratio.

It's now worth about 385K and I didn't do any work or improvements.

Which makes the profitability of the house much less than what I thought it would be when I bought it.Cost to improve sound proofing and separate air ducting would be quite large, given BayArea contractors' costs.

A new/improved road here will also benefit them as well if you are bringing more customers to their shopping center and providing more access points for traffic flow in/out. 

Our asset managers continually evaluate performance and how to improve it for each individual property.