When subsequent rental prospects viewing the property for the 3rd time realized they knew this neighbor from work, they started asking questions regarding the neighborhood.

Ugliest house in a beutiful neighborhood.

Don't forget to check out the neighborhood while you're there.

From the HUD appraisals I've seen, it's still based on comps in the area although this often doesn't seem to take into consideration the condition of the house.I've walked through torn-up dumps that needed 30-50K in work to get it back to normal and I've seen near pristine houses loaded with tons of upgrades for the neighborhood.I occasionally find the perfect storm of well below appraisal and in great condition in a neighborhood I think will pop in the near term.

Low sales prices in a good neighborhood.

Not a spectacular neighborhood, loud bar just down the street, etc.

We've researched areas and have a couple good neighborhoods in mind.

As far as the numbers go, neighborhood ceilings, construction, appraisals, I'm comfortable with all that.

All investments break down to just two kinds: ownership-style investments and “loanership”-style investments.

This is a residential neighborhood and there is a few houses already existing on the block.