But guy #1 is in good shape, so I'd take them, with a double security deposit.  

I think the trend will move closer and closer to “institutional investors” and MF being traded at higher frequency rates.

I had no way of knowing a) when the trend would take off, b) how sustainable it would be and c) what to do with the building in the meantime.I invest almost elusively in Class C "cash cow" SFH residential property because it pays for itself both now and into the future. 

But I must agree with you that the foundation work may lead to other problems, the interior is not in the best shape.

It isn't nearly in as bad of shape either.Good luck on your project,Rusty

These parameters will help decide what kind of yields you are searching for, which you can use to filter down your list of macro markets.Then I would start by looking at the macro market's fundamentals, that is the population, job and income growth over time.After that, I would look to see what the rents and home prices are and how those are trending as well.I would do a similar analysis, but at the sub-market level for the metro area you are considering investing in.Other metrics that I find valuable to understand are household income, poverty, unemployment, and educational attainment.

I am seeing a trend with them on excessively high interest and taking advantage of borrowers in my opinion.

Property taxes, tenant laws, increasing inventory in the city, decreasing market value upstate, and demographic trends are all headwinds for the NYC and NYS markets (the city is obviously different from the rest of the state).I believe the best strategy is to look out-of-state.

Home price appreciation trend.4.

I understand the idea of looking to take on additional debt, when my personal finances are not great in great shape, seems like a slippery slope as far as investing goes.