Not only getting it ready for the market, but long term, there will be issues with buildings fallen into disrepair and with lower class tenants and I don't know if I can get rid of everyone and get the whole place up to standard, so it will be in states.

@Michael Dunn Based on what you're saying, I think the most important item to research is how much of the areas with the lower priced properties are majority rental areas.

If you are focused on cash flow then I would lean toward the lower cost that need some work.

(Many gentryfyimg parts of DC are well beyond 2006 levels)Higher income areas with concentrations of wealth tend to carry less risk while lower and middle income areas carry more risk for significant drops in property values.

This loan lowered our payments significantly and almost doubled our previous principle payments while reducing our interest payment by more than half!

They had to know during the transaction this was going to happen, thus they were not being transparent with you.

Although my company is not based TX, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S. 

Welcome to bp @Akiewole WilliamsLots of those homes are most likely in lower income areas The other side of that is there are lots of landlords in those areas that make great returns It's up to us as investors to decide how much risk we are willing to take on Make sure you set up your keyword alerts to Roanoke Also the bp meetup is this Wednesday evening at 645 Grandin colab on grandin road In Roanoke Look forward to meeting you thereGood lucj

Although my company is located in CA and IL, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Best of luck and continued success.

That's the reason I used most pessimistic to most optimistic estimates in APOD analysis.And I also want to know if it is insulting if I go with an offer based on my analysis if it is significantly lower than the list price or is it still worthwhile making an offer.