I suggest you look at local tax rate, insurance carefully, utilities are low if you have to foot the bill. 

Don't forget to account for lawn care, legal fees for evictions, leases, etc.I would need 0% owner financing for this deal to work for me.  

Or can i afford a "special assessment" for what ever reason the condo association needs one if i buy a condo.Good luck and take care.

My first lender was a private lender so they did not care that I was not putting anything down.

The title company doesn't care because they're "excepting" it from coverage.

Be careful though because I’ve seen someone added to title at the refinance and that did trigger a re-assessment.

This would put you in the realm of an “owner occupied property.” 

@Giridhara Gowdra chandrannaA - fine expensive well cared for yards and homes owned by professionals and business owners.Luxury cars B- average blue collar suburbia most homes are owner occupied and yards are in good condition.C mostly low Income people rundown rental houses lots of old apartment houses lots of old cars D VIrtually all buIldIngs are old and need some maIntenance .mostly rentals 15-25 year old cars random crIme drugs -hIgh grass and hIgh resIdents Seen walkIng around aImlesslessly F boarded up houses shootIngs no one works open aIr drug deals most everyone looks shady .Hookers rap musIc blasted from random homes and cars

A home would have to have all cap ex items taken care of very recently for me to only account 5% for it. 

I don't care what the paper value of my properties are because I'm not selling.