Universal design is something to look into if you are building new units, as that way they will appeal to both people with disabilities and people without, or as I like to say... those who are temporarily able bodied.The person with the disability will be the one who knows best which type of property would best match their needs.

These are model match properties with lesser finishes.

i think a bigger problem is that the property you contracted to buy did not match the legal description If the property had three separate deeds and was not one parcel that might be a big  legal out on your contract  ( i am not a lawyer) Legal fees can be quite expensive so I hope your deposit is large enough to fight for .The sellers cannot sell there property while in escrow which might give you some leverage

We do through background check to ensure good tenants that will be able to pay rent and  good match to the unit.Regards, Burak S.

I ignore appreciation`````````````````````````````````````````````````````So it depends on underwater homes.Do a 5 year lease, 12 months at a time, with extensions.The buyer needs to get an appraisal that matches the loan balance so the seller does not bring cash to closing.

Most contractors grout these area and they split open pretty quickly....we prefer a color matched sanded caulk in these areas and it holds up much better.  

The question I am debating is if it would be better to purchase an additional property (not in the same area as prices are now too high) or use those funds to improve the property in question so I can raise the rent to match the nicer rentals in the same neighborhood?

Going item by item, to see if the numbers match up and if not trying to understand why has been a great education.

@John MatthewsUnderwater homes where PITI that does not match rent amount  are tricky business dealsI never do sub 2 then wrap, only sub2 and lease purchaseIf the PITI matches rent in a slightly underwater like  5% underwater then maybe look at itThe desirability of the house itself and its neighborhood is really the biggest thing I look forUnderwater houses take in a lot of factorsIf the sellers are willing to contribute a payment say $200 a month to protect their credit and rent the property out on a lease purchase for market rent and offer a sales price that is based on appraisal,  and if that appraisal is lower than mortgage payoff, renew lease purchase, seller  continues to pay  the additional 200 per mo for another year toward principle and accept rentThe damage to credit with strategic default or short sale is usually quite serious, see www.myfico.comSee the amortization schedule to see how much principle is paid monthly vs interest in the current and near future years

@Bryan Hancock  it depends on pricing... as to how well one will do compared to HML  in our uber competitive fix and flip market.... were margins are down to 5 to 10%  borrowers will look hard for the best priced money...I would not do this if I had to match local HML as your correct head to head why do CF  but if your saving substantial dollars on each deal then I do believe we will see some pretty good deal flow..