Row housing halves the cost to repair the wall water on a per unit basis and there are obvious additional values to having proximity to all units. 

There is no cost to you to do this.

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

While waterfront properties often command higher prices, higher potential rental income, and higher appreciation rates through time, they also come with significantly higher upfront costs and huge maintenance expenses.

Not cost money each month.

I am hoping the remodel doesn't cost me more than 25k.

I contacted an attorney's office in Wyoming to set up the LLC and they told me:"A Wyoming LLC will not provide a GA piece of investment property with any asset protection.

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.

HUD is now pushing this along with the requirement that you cannot refuse to accept section 8 vouchers IF you are set up with them.