It depends what you are looking for.I would say the sweet spot between quality neighborhood and economic factors is just around the median price point - as of Jan 2020 175k for Milwaukee, which BTW is up 8% from the previous year.

I am no expert on syndication but there is tons of information on the topic here in the BP forums. 

There are a few locations that we're looking at where the estimated rent value would be around double the mortgage payment in a stable economic area and we would like to be able to pick up some of these properties sooner rather than later.

It would cost me 10k+ to turn the unit but makes no economic sense.

I would talk to a local HVAC expert and inquire about standard costs for X SF in each unit and see if the investment pencils out via higher rent rates after.

Cooperative ("coop") or co-operative ("co-op"), an association of persons who cooperate for their mutual social, economic, and cultural benefitIn a recent conversation with the local housing authority director, they expressed their frustration with ALL local property management companies.

He is a lease option expert in Duluth GA.

I note as an aside that too many people calc actual vacancy without taking into account their PM fees on each vacancy, which adds a month of economic vacancy in general.

You are disturbing the original foundation and supports for the building and not to mention any attached buildings so you will need experts input to determine load, etc...

In sum, this is why it is best to work with tax experts who can help you plan in advance for these RMD issues.