I've seen people doing this across the country with no understanding on what incentives they are giving for others to move into neighborhoods which unfortunately may have high crime rates with unreliable and or problematic tenants/neighbors.

And for Upper South Providence the more north or east you go the better, but it's all tough.If you are serious about either/both areas then next time don't just drive through, get out and walk around, maybe talk to some older people who live in the neighborhood, maybe go look at some apartments or open houses in the areas and talk to the showing agents.

I say this because you have to have some flexibility during the week to go to testing facility and meeting a brokerage you feel is the best fit.

It came out nice and gets top of market rent for the size and neighborhood, which is a low income area in transition.

Hi Ilmar, I think I fit the bill pretty well with what you're looking for here, although most of what we touch here in CT is in Hartford county.

Not the right fit for all clients.An Umbrella for what you are looking at should be $300 per year for $1M, maybe $450 for $5M.

Which could be ok if like you said it's an up and coming neighborhood. 

Then do a deal that fits your numbers. 

I mostly just buy and hold.... but, I market for my own properties and sometimes they don't fit my criteria or I can't afford them... so I will wholesale.... both of my wholesale deals last year were to Nocal folks such as yourself.

If you are looking for multi-unit, most of them are in older neighborhoods in Denver.