Not sure if this is the correct forum but I have my first property which is a B-/C+ area on the rise.

As I said before, there is opportunity here, but there are also a lot of "cheap" old buildings whose locations are even of little value.But you are correct, in the past months, we've seen a lot more "money from away" coming to town and buying buildings "site-unseen".  

@Edward Mahoney  You're correct that FHA is owner occupied and as memory serves me, it's supposed to be at least 12 months unless there's some verifiable reason like a job transfer.Don't fake the owner occupancy bit. 

Reply to see details or to connect further.

Thanks for the reply Kevin!

It becomes annoying trying to wade through this ambiguity in my real estate dealings.Which is the correct definition so I can start correcting people?

Too all you experience landlords, correct me if I’m wrong (because I am not a landlord yet).But people have mentioned lower rent = lower quality tenant.

Account Closed is correct.

I was a little worried after reading the start of your reply, but felt better towards the end.

Hey mike thank you for your reply it was very interesting.