There's extra capital needed to remodel the 3-5th floors, but I don't know what kind of options there are for funding that.The area is on the border between downtown and a less friendly neighborhood, but the city just got a big government agency to move in about a year or two ago.

I don't personally do this becasue I have the biggest list in my city but I have seen a lot of people doing it.

I'm assuming, along with finding good deals, contractors are the next biggest burden.

The city of South Bend, population 101,190, is the economic and cultural hub of a multi-county, bi-state greater region, population 858,055 (seven counties), with a labor force of 415,426.

I know from my holdings in other cities, that most property managers are terrible.  

I'm currently living in San Mateo but am interested in purchasing a duplex or multifamily home in the city.

The great part of my city is that we have more people coming in to fill the units on the market.As for your area and question, I would guess it just depends on the value.

We are a town trying to be a city.

the biggest issues are that the available tenant base drops dramatically around October and doesn't pick up again till the end of the school year.People are no different than animals in that regard.They want to be settled and hunkered down in a property before the school year and/or bad weather starts.Quality tenants with good financial backgrounds don't want to move their families in the middle of an icy,snowy winter for obvious reasons,and good college students have already started school in August.Many of the few available tenants will have questionable backgrounds like recent job loss,previous eviction,bad credit,difficult income verification and don't make 3 times the rent,criminal records,etc.   

The lead dust law is result of City Council, effective Sept 16.