Need some Advice- Looking at todays rates whats the better way to go?

Population looks stable, crime rate is good, it had colleges and some tourism, close to major cities.  

Hope this answers your questionsIf we were to go section 8 would we be entitled to high opportunity zone rental rate even if it’s in Grays Ferry?

For commercial multi-family, this will be different, and having 1.20-1.25x could be the requirement for best rates and terms.

@Samantha Wardunfortunately the market is tough right now, with both interest rates and prices high. 

Yes Johnny it is going to be hard to make a profit in this situation unless the market is rising fast.

General interior remodeling work                                              $50,000 - $70,0002) Add for kitchenette & new bath & laundry                               $80,000 – $115,0003) Egress window well if necessary                                                 $10,000 - $18,000which is cleanly out of my price rate (to much money) and, here's another one The average cost of converting a typical basement to a legal rental unit will cost $85K - $ 95K and include:1.

As interest rate discussions continue to dominate financial headlines, investors in commercial real estate (CRE) and multifamily housing must understand a crucial truth: Interest rate drops alone will not solve the challenges facing this sector.

High interest rates make the costs of the construction loans very high (~10% at a bank) and with mortgage rates so high, there is little buyers out there which could lead to long holding times.  

Total Investor Home Purchases Are Unlikely to Dip Due to Rising Interest Rates | CoreLogic®Good luck