Less headache and liability.HOA fees tend to keep increasing over the years so need to consider that.

Unlike most organizations, I believe in keeping the historic look of the neighborhood, and revitalizing the homes, while allowing them to keep their rustic charm.According to the article the amount of sold listings has more than doubled since 2015 and home prices have increased from $113,000 to $143,000 in the last six monthsAlthough the neighborhood may not be quick returns, there is definitely long term potential in the Barrio Hollywood Neighborhood and we look forward to further investments in this community.  

If you increased the down payment, would the seller be ok with it as previously agreed?

They'll offer all sorts of "fixes" to increase your property value, but likely don't have the expertise to do them. 

These are more complex that a standard Forward 1031 Exchange. 

In general, it is harder to secure props that flow in these areas because they tend to be better taken care of, leaving less room for a well-done cost-effective rehab to increase value while keeping the all-in price below market.

Seems like a very intriguing way of managing property and benefitting from increase NOI and ultimately property value.I am looking at a 3 family property that needs a ton of work (perhaps $75-100K, although I haven't done a deep dive on pricing yet).

It's compensation and standard of work? 

What I'm wondering is, what are the standard formulas that an experience investor would use when considering a new property. 

My goal is either to lower my interest rate which will help lower my mortgage payment which helps in increasing my monthly profits or pulling equity to make improvements to the rental and invest in other investment properties.