In particular @Dwayne Jones has a personal goal of rehabilitating the C class areas you are referencing, and actually made a passionate post about it recently.

An attorney associated with my local REIA explained the statute as follows:"Anyone who builds a new house or who rehabilitates a home and then offers it for sale meets the definition of contractor and must have a license issued by the Board for Contractors.

As in what funding terms do you have in place at acquisition, during rehabilitation and finally stabilization.

Mary's Hospital - MadisonRehabilitation Hospital of WisconsinUW Health Rehabilitation HospitalUnityPoint Health - Meriter - NewStart Treatment CenterEnsure to stay compliant with regulations by consulting with local real estate professionals or attorneys.

I’m buying as low as possible, rehabilitating as cheap but as nice as possible and selling in a good area.

Hey David, You may easily finance this with a DSCR loan This is the 1st time I have heard of a DSCR loan, is this loan only for when it's been rehabilitated and rented?

I’m sure this will help many people get their feet wet in rehabilitating real estate properties.

I am a first time buyer and currently I am renting myself but I found a good deal in SF but of course with some caveats:3 units / 3 eviction (3 units, 2 claiming protected status ( while we know elderly people were moved to these units recently its hard to prove it in court)3 new recent owners, one owner(myself)  intend to move in , another owners mother might want to move in (not sure in reality if that can happen) building and units are in horrible shape and requires major work, Might be eligible for eviction based on Substantial Rehabilitation not sure what's required for thisCurrent condition might be even safety and health issues for current tenants.

I suggest that you begin by calculating the cost of rehabilitation if you intend to keep the building's structures intact.

See, however, section 48(a)(1)(E) and (g), and § 1.48–11 (relating to investment credit for qualified rehabilitated building).