If you can find a few things that people wouldn't normally do to give yourself a boost, you'll be far ahead of those who won't do such things.

But even if that boosts cash flow...there's not enough yield here to address the risk associated with this type of investment.  

We've been exclusively 1099 for over 20 years and it was simple before, but changed dramatically after 2008-2010. 

The art district homes you mentioned were built a few years ago, just within the last 6 months lumber prices have increased dramatically.

(also kudos to @Heather Binder - member on BP - who gave me the extra boost and coaching to make it happen!)

Neighborhoods can change dramatically by crossing a street.

Not sure if you're into flipping, but maybe by adding an extra room or bathroom you could boost the value, and then either rent out for higher rent then resell later on.

I want to get some thougths as to whether im missing anything.Area: Nice little 'alcove' of multi-family properties, we drove the area and researched crime maps...area seems good and is growing economicallyPurchase:ARV (from comps): ±$110,000-114,000Purchase Price: $104,000Purchase Closing Fees: $5,800Estimated Repairs: $5,000Income:  $1,595Expenses:  $1,318.17Vacancy $79.75 (5%)    Repairs $79.75 (5%)CapEx $159.50 (10%)   Water/Sewer $80.00Insurance $85.00          Management $175.45P&I $418.72                  Taxes $240.00Cash Flow:  $276.83    ConC:  9%Cash at Closing (including repairs) $36,800Mortgage is conventional 30-year, 25% down, ±4.8%Has common water meter, so I'm trying to figure out how to push the water bill off onto tenants even though i must pay the actual bill...this might boost cash flow and ROI if i can do it.Thanks,

In Kansas City, the single family home prices dropped 20% in 2008 in many areas and the inventory and day on market increased dramatically.

Strategy needs to have a good deal and equity boosting rehab.