I'm looking at Little Rock, Memphis, and Houston.

As a result, you can expect: More financing optionsLower ratesLonger fixed rate terms and amortizationsHigher leverage (up to 80% with options for mezzanine debt or equity)Asset is primary source of collateral with no personal guarantees (non-recourse)Lower debt service coverage requirements (as low as 1.15:1)Depending on the market, CAP rates in the 4%-6% rangeClass B and C assets lose some interest from institutional investors and borrowers typically obtain financing from banks, agency lenders and specific purpose REITs.

Its like pro sports or being a rock star.

- Little Rock, AR 72204I'm in situation where the turnkey management company that I've approached is claiming that this property is a solid neighbourhood, but of course I'm taking it with a pinch of salt.

I have been fortunate to have learned many things because of my experiences in real estate and know a great deal. having said that though there are many areas where I am dumb as a box of rocks or do not posses certain skill sets and this website allows me to find my complement(s) and I am really grateful for that so I wanted to say personally thank you to @Joshua Dorkin for not just having the dream but also the fire to take initiative and make it a reality.

Rock on, Tereal!!!

You Rock!

I know applying a band aid isn't always a good call, but if I can get a few more years out of it, sure, sign me up.

:) Rock on! 

@Jim B.  And