Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

But, I still have family especially in the Mishawauka/Elkhart area and know that there are good pockets up there too. 

It is still a good deal and the numbers work great!

Someone with a good shop vac that has a long hose can get it cleaned out pretty easily. 

For $75/year that seems like a good value but wanted to see people's experiences with actual members.Thanks!

Wear gloves and wear a good mask with a filtration system, not just a paper dust mask.

I would also be interested in investing out of my areas in Northern Colorado if there is need and good investment opportunity for other houses in underserved areas.

Conversion rate will be the highest. 3) Your VA needs to be good.

@Adam ZbiciakI've been pricing these in the high 8's and low to mid 9's for most scenarios, similar to as you've described here.If you have a larger loan, stabilized with good cash flows, strong experience with 9+ properties, and strong liquidity, I've quoted these in the 5's (at par) at 55-60LTV with a Family Office I work with. 

@Dan N.These types of strategies is like building a conveyer belt between your home and your neighbors in order to borrow sugar from your neighbor instead of just walking there, knocking on the door and ask for sugar.Making these overly complex strategies for real estate really adds zero benefit and just costs you extra money in the long run.May I ask why you need such a complex structure ?