Since it is so rural the steady income is a hedge against the otherwise risky renters.

If you can are they friendly to non-citizens buying property or do you have to do risky work arounds? 

@Jared Hottle If you're an out of state investor like @Carol Walls , then I would definitely go with her strategy of only buying pretty houses.But since we're local to Des Moines, we can take on what looks like more risky investments to an out of state investor.

@MarieChele PorterI am not an expert but, sometimes, answers are in the questions.In your questions, it’s completely clear that this is a very risky deal where, if you want to proceed, you are going to take a risk.

That way they can dip their toes in and the risk is minimal.Like the others have said, do a search and you will find a ton of info here.

Just get a conventional mortgage.But yes, for it to be a BRRRR proposition, the 100% borrowings should still only represent about 70% of its actual market value. 

I think the difference between the assessment and the market price could be due to Proposition 13.

So many people are all about "bonus" units, but it really seems like a lot of risk.  I

Even in these neighborhoods there exist people who grew up there, have family there, and don’t want to move elsewhere.This creates a value proposition.

And our those returns reasonable.Also is this top risky or no.Edit also I’d raise rents with the market every year.