What are some of the strategies to rent out this house out in such a neighborhood (C+ to B-) as I"m worried it won't attract a renter that will has good credit and pay on time.

Honestly,this doesn't look very attractive from a cash flow perspective giving the large downpayment.

@Dustin McGuirk I just moved from Portland to Phoenix, and the Buckeye market here is attracting a ton of attention.

You design your criteria.

Again, your purchasing power, your subs (or GC) will also determine fluctuation in these costs as well as quality of the finishes, design, etc.

Maybe you can attract some long term employed people (Hospital, Post Office, Grocery Store, Target, Dollar General, etc...)(???)

Those are usually red flags that mean it will be extremely difficult to attract new tenants, sell any homes, and raise rent.

Does anyone have experience with changing the designation from 3 to 2 family? 

@Samantha GoochBelow are some of the main differences between a CPA and EACPA1) Require completion of a college degree with certain classes in accounting, tax, audit, etc2) Require passing 4 exams on Audit, Tax, Law, Business3) Required continued education4) Can practice in Tax, Assurance or Advisory5) Eligible to represent you infront of the IRSEA1) passing 3 exams dedicated to tax2) Required continue education3) practice in Tax4) Eligible to represent you infront of the IRSThe CPA designation is more prestigious because it is much more difficult to obtain.The Tax portion of the CPA exam is more difficult than the 3 EA exams.The other item is that a college degree is not required(Just that you are atleast 18 years of age).With that said, you can have good CPA or bad CPA's.You can have good EA's and bad EA's.Also, please be careful on this webforum, there are many 'tax professionals' that are neither a CPA or an EA.Best of luck

While attractively priced, It's 24 pgs of proprietary legal doublespeak that basically guarantees I pay him $35k in commissions whether we close our not, warrants and forever and holds harmless his buyer if hazardous materials are ever discovered on the property and blah blah.