Make sure you have a very good handyman and are affordable.

I would add:Keep in mind, the economy isn't so great right now in some sectors so the reason they may not want to move is simply they can't afford to or they can't qualify (the 2 most likely reasons).

Hi Ricky,I highly recommend hiring a cleaning service.

@Thomas Yourkiewicz - There is a great deal of information on BP about Toledo to help you understand its national appeal vs other cities, price, cash flow, and ease of entry are a few.My biggest lesson learned in Real Estate in general is - whatever your niche, you will do just fine provided you specialize, create an offering that meets a need in the market, and stay the course when you have hurdles.This holds true if you specialize offering housing to professionals who need high-end temporary housing while assigned to long term projects...medical facility rentals with nursing staff provided...and for every aspect of servicing the investing community (hard money, note buying, appraisals, etc) which gets you out of the landlord role altogether.One sure way to fail is to constantly shift your focus and jump between cities, neighborhoods, or investments. 

Do you service High Point?

That is a great deal.If the guarantor for the loan has 720+ credit, even with no experience, you can get 90%/100%So the costs of the deal would look like:Loan amount: $212,50017,500 down payment4,250 in origination1500 admin/service/legal fee1200 for title600 - 900 for insurance maybe 5 loan payments at 1700 each or so: 8500You need to front at least 10k to contractor to get startedUtilities for 5 months: 1k - 1.5kThat all comes to like 45,300.

But there may be some opportunities to pick up cash bargains or do a buyer lease back to someone who wants to stay but maybe can't afford the assessment coming up if you absorb it. 

You may also go up to 80% as long as the property debt services at that loan amount. 

It's not just a tax benefit; it's a mechanism to channel funds into areas that truly need revitalization, providing a win-win situation for investors and communities.On the other hand, the Low-Income Housing Tax Credit (LIHTC) is a stalwart in promoting affordable housing.

You should make sure that you can afford the cost of the protection that you choose.