Or your in an area were jobs leave and renters go with them.the other danger at some point is renters turn into owners.. that can have a impact.. although I look at our market here in the NW we have basically a 1% vacancy and a lot of that is because unlike most of the mid west deep south etc.. there are NO where NEAR the amount of SFR's that are rentals.. prices of SFR for a rental at best would break even but most would be severe negative cash flow so they are really only sold to homeowners and that does keep the neighborhoods in good shape.. the renters are in apartments..

Is it in a terrible neighborhood? 

I previously worked for a non-profit developer and the developer's you want to work with will not only be established, but have experience working with various tools and funding sources particular to non-profit organizations.

We typically fill vacancies in 1-2 weeks and it sounds like you are in a good neighborhood, so let's find out what the issue is. 

That being said, get there as soon as you can to check out neighborhoods and get a feel for the area. 

What particular neighborhoods to you find most suitable for buy and holds?

An attorney attempted to arrange a loan modification, and advised my mother to stop paying the mortgage payments.One thing I did understand correctly was the gentrifying trend of the neighborhood, and the house has since appreciated in value to around 890K(adjusted comps analysis).  

Ask them for managers, agents, neighborhoods to get the ball rolling.

If you can provide some more specifics then I'd be happy to suggest a few neighborhoods to check out.

I am trying to get into contract on a property which is between RiverOaks and FairOaks neighborhood.