Remember Gary has 7 miles of lake front real estate along Lake Michigan, a robust rail system, and affordable land and buildings for additional businesses which may become attracted to the growth in the area. 

If you have a lower end home that needs updates but overall is safe and clean, section 8 might get you more prospects at market rate vs the prospect of you having to discount rent to attract non subsidized tenants.  

Clearly by normal standards this wouldn't be a good deal, but the fact that my living expenses are covered for, this makes this an attractive offer.  

The figure might be "made up" in that case.All in all, the bottom line shows an annual ROI (return on investment) of approxmiately 10%:Annual Profit: $4200 ($350 x 12)Cost to close: $42,800ROI - $4200 / $42,8000 = 9.8%That's not all that attractive for what I would consider fairly risky - multi-tenant is higher risk than single fam, in my opinion.

If you are going to buy and hold, how attractive is the neighborhood to attract renters, what are the rents, how is the neighborhood kept up, are you getting a good return on your investment and what is the condition of the homes on the street?

Brian, With your background, it might be a more productive conversation here to back into what might be attractive to you rather than trying to fish.

I am interested in Here are some highlights I am hoping to accomplish: - Referrals of RE/PM companies/reviews- Attesting that this is a promising area for turn key rentals - Specific neighborhoods that are attractive in the B-B+ area (what I have found most BP rental investors prefer) -Financials: Expected cash on cash return, vacancies, ROI, LP to RP All thoughts are welcome! 

@Frank Jiang Totally anecdotal, but a friend of mine posted their SFR (in a great Poway neighborhood) with a too-high "Make Me Move" price on Zillow only -- not even MLS exposure -- and quickly got a couple offers at the price with attractive terms.  

My husband and I are learning everything we can about passive income, one thing about the real estate attracts us the most is the less volatility and historically increased growth.

However, as the title agent is specified by the bank in REO transactions I have found it easier to write a first and second mortgage than to try to convince the title agent of their error and jeopardize a very attractive purchase for my borrower.