As far as the RE agent is concerned, some due diligence into their performance may be called for.

It generally performs better as an investment property when considering CoCR.  

I thought someone might have a list of keywords that performs well for them.Thanks, Rob

It's always good to boost our DFW community!

Some investors might balk at the percentage but when you factor these are low income areas and the rents are low the PM isn't making much for all the drama.If you were a PM and could manage an asset in an upscale area instead for say 8% of 2,000 rent that is 160 a month.13% of 600 rent is 78.00 a month and you are dealing with double bookkeeping, high frequency of damage and evictions, multiple trips and constant monitoring of the asset to keep it performing etc.So it's easy to see why many PM companies will not even consider these places.

Value of the collateral (LTV, what is their exit strategy should it become non-performing)3.

i agree with lonnie but let me build on that. first, your credit report is based largely upon your pay history. paying early does nothing to boost your score ,but paying late will reduce your score quickly. so, pay on time. next, CARRY A BALANCE. it will actually lower your credit score if you do not use a decent portion of your avaliable credit. also, maxing out your credit cards will also hurt your credit, it is optimal to carry between 30-50% balance of your avalible limit on your cards. do not worry about intrest as long as what you are purchasing is ultimately going to gain you more in value that the cost of the intrest. i.e. why would you worry about a 25% intrest rate if you are going to make 50% on the house you are investing in?

So where does the economic boost come from in Rochester?  

You need to perform due diligence first and foremost.

While I would personally find this appealing as a personal residence I am not sure how they would perform as a rental.