Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Like a lot of cities in California, San Mateo has a housing shortage, which can be seen through the high costs of housing and the increasing homeless population.

Dauphin Island doesn't fare well during major storms/hurricanes - severe flooding, erosion, transportation issues, etc.

They all become dated and are more costly to install and demo.

A trustworthy agent is a great resourceTypically, if you buy something like a duplex rent, the other unit out and your mortgage payment difference is what it would cost for you to rent that place or less the deal is worth it.This is also factoring in renovation, capital expenditure, etc.Good luck!

Meanwhile I received call from insurance saying some adjuster will visit to check eligibility for coverage and I asked restoration guy about expenses he said you will get it after work but suggested not to worry as it wouldn’t cost more .

I'm exploring alternative financing options and would greatly appreciate insights or experiences in similar scenarios.Key Points:Property Location: Cahokia HeightsPurchase Price: $17,000Rental Income: Approximately $1,500/month via Section 8Condition of Property: Updated plumbing, roof is in good shape, needs AC unit, paint, flooring and cabinets and counter topI'm considering reaching out to private lenders but would like to gather opinions on:Feasibility of securing a mortgage for a low-cost property.Attractiveness of this deal to private lenders.Any creative financing strategies that could be applicable here.Legal and tax implications I should be aware of.Potential risks and how to mitigate them effectively.Any advice, suggestions, or contacts in the private lending space would be immensely helpful.

No, material costs sit nearly identical.

Sewer problems can be quite costly. 

We financed the Mount Zion Blvd deal using Partner Driven's capital, covering the $165,000 purchase price and $25,000 in repair costs.