District-wide, the average vacancy rate in luxury apartments is currently 6.8 percent, compared to 4.1 percent last year.”

So assuming a lane each direction and 12' each side then you have 24 ft wide x 700 yards x 3 feet x $30 PSF = $1.5M

Most transactions are private, so detailed knowledge of rent rolls, replacement costs, deferred maintenance, and other critical data is not widely known.

Purchase price: $25,000 Cash invested: $200,000 Sale price: $425,000 The family had a 7 acre lot with a broke down single wide one it that was behind in taxes.

I suggest you make them aware of it in the advertising and during showings, so they go in with eyes wide open to your unusual request.

@Randall E Collins It's good to know up front that there's contention there so I'll be able to move forward with my eyes wide open. 

Here are a few suggestions to help you get your single-family home rent ready while limiting costs:Prioritize safety: Make sure all electrical and plumbing systems are in good working order, smoke detectors are installed, and any necessary safety repairs are made.Clean and declutter: Clean the interior and exterior of the property, remove any personal items and clutter, and make sure it is free of any damage.Neutral decor: Use neutral paint colors and flooring to make the property appealing to a wide range of renters.Basic updates: Consider updating the kitchen and bathroom with new fixtures, countertops, and tile, if necessary.

Also, I found a thin crack (maybe 5" long, 1/3" wide) in the foundation - how bad is that?

Prices are going to have a very wide range due to the level of blight in certain areas.

I have one DSCR loans/ income properties but still consider myself to be a novice.Thank you Biased (ha) but I highly recommend checking out these three long articles I've written recently for BP, all about DSCR Loans and stuffed to the brim with all the tips and tricks you'll likely need for optimizing DSCR Loans as an investorDSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?