Funds received from sellers, nonprofit or other organizations, including state and local government agencies, for down payment assistance grants cannot be used to reduce the required contribution.Funds paid for costs outside of closing, such as hazard insurance, taxes, application fees, and other items related to the purchase, are considered part of the homebuyer’s required contribution.

It makes no sense to have a top end rental unit in a low end neighborhood. 

IMO that is a rule that worked a while ago during the crisis, but now I think it more or less is a red flag because it points you to war zones/Class D, or C- neighborhoods. 

-bought for 180K-conservative value today 250K (potential net from sale - 50K)-conservative potential rent - 2000 / mo (potential net monthly cashflow - $800 /mo-currently a small pocket neighborhood with no through streets that feeds into a great elementary school and good middle-high school "Problems:"-our street, currently a dead end is about to become a through street that will become a major shortcut for another 300 or so house development to our West to get to the highway and the grocery store.

Organizing all files both digitally and with hard copies.3.

., paying a realtor one month's rent to get a quality renter.Make sure you double check with your realtor about whether you can get $1300 a month for that neighborhood.

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street. 

It is situated in a B neighborhood on a cul de sac located about 1 mile away from a train station to NYC and half a mile to the main street.

I don't see appreciation in this neighborhood.  

Purchased ~15 years ago at $360k, own free and clear, C+/B building in B/B+ neighborhood, currently paying themselves from property about $1200 a month, some capX items updated, clean, good screening criteria, painting and touch ups after each turnover.