Dogtown is a great area that's walkable to Forest Park with easy access to both 64/40 and I44 so I would think this development would do well, even with rents in the $1200-1900 range.

Thank you for sharing your experience, it is not always easy to do but it is very helpful to new investors like myself. 

I’d posit that zoning isn’t what you need it to be and how long/easy/hard the rezoning process is will likely be highly dependent on the city.

That being said, you could either become an agent now, bust your *$% for 2 years and qualify for the loan then OR you could still be an agent and find a co-signer/partner to go in on a deal with you sooner.Being an agent is not easy but its simple.

@megan greathouse this was a great, easy to understand breakdown.

The cash flow won’t be as good as c type areas, but, the up side is more responsible tenants (not always though), easy to sell when ready, and a bonus of some decent appreciation.

@Victor Steffen I ended up using GoDaddy's GoCentral builder - for what I wanted it seems OK and was easy to work and set up.

This is not a fast or easy road to financial success.

@Adam ReadLow flow shower heads, faucets are a good easy start 

With proper planning these can be extremely helpful, even more so if you're in a hot market (easy to sell) and buy off market (less competition).