These units are renting in the mid-to-upper $800s.

If you intend on a fixer upper good luck.And perhaps you get a fixer upper approved using a 203k Loan.

I have 2 houses, 1 in the lower Bessemer area and 1 on the upper East side.

Biggerpockets rental calculator can help you with that.Some of the safer neighborhoods (lower returns): Ironbound, Forest HillsSome of the riskier neighborhoods (higher returns, on paper atleast): Westside (numbered streets), Weequahic, the Vailsburgs, etc.I have been in Upper Roseville for 6 yrs and Westside for a yr and a half, its pretty much block by block.

It's for the bottom story of a upper-middle class nice rental.

Although the reports may be difficult to modify I will go out on a limb and say that any professional tenant looking to target a novice landlord will seek you out and will be more than happy to provide you a very authentic looking fake report.

Once we find a new location I would like to buy a cheap fixer upper sfh to live in while we build our new lives.

Generally speaking, most people renting $30K homes for $600-$700 a month are not upper middle or high income earners.

UghAnyway, so the painter was confronted by someone out of the house next door stating I need to "cut the limbs away from his roof" Now I definitely don't mind this but I'm just wondering, um,...

My thoughts on San Jose is we can probably get a fixer upper in the 700k range and hopefully sell for a profit between the remodeling & the market hopefully continuing to go up... but would our profits be enough to justify it after paying for our realtor, etc. to make it worth it in just 2 years?