The city has been doing extremely well and it hasn't quite gone mainstream with most investors yet.Happy to share some resources and learnings on the market there if you'd like.

I would say the cash flow would go up every year and that would usually be the case but my son will be moving into one unit probably for just the labor to rehab the last unit (collected rent will go down for a year).After that rehab is complete, at market rent I would have about $8k/month cash flow with underwriting that most would consider conservative (for example $1200/month allocated to maintenance/cap ex). 

@Raj Bathula I don't know a thing about the course or who that guy is, but I'd be happy to help if you think that I could be a resource.

Build 2 or 3, get them running, collect some cash-flow, and see how the business goes.

Perhaps in return they collect an acquisition fee,  collect a construction management fee & share in a portion of the upside.

If you're living in it now, you'll probably be required to have a signed lease in place as well as proof that first month's rent/security deposit were collected in order to get a DSCR loan (they're business purpose loans and don't allow owner occupancy).

I have a C-Corp (no assets) as the Prop Manager  to manage leasing and rental collection for all 4 LTRs.

Collecting quarters wasn't worth it.

Why This Matters: A Cultural Heritage Endowment Leveraging Time for Economic GrowthThe purpose of this initiative extends beyond creating affordable housing or financial returns—it’s about leveraging time, the most valuable resource, to create enduring cultural and economic value.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.