In any case, focus on networking with a variety lenders, especially those that are local to where you’re investing.

MA also offers a variety of financing, outside of FHA, that is state sponsored, so talking to lenders that can elaborate on that would give you a good competitive edge in the market today. 

But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful.

But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful.

They have a variety of investment vehicles to achieve this, and your job is to attract them to your vehicle.

Sadly, many buyers are actually paying these prices, because they are desperate to get deals and lack the discipline to wait until the market corrects.If you know that you can get the higher rents and are willing to accept a little vacancy in the short run, then this is a garden-variety value-add deal, assuming that you have the capital to do the value-add.I would try to get a handle on the rehab costs (worst-case scenario), and then take that to the seller and tell him that the property is overpriced because it needs X, Y, and Z, and show them the estimates you got.  

As for some of the day to day stuff you are referring to, I'm not going to try and blast it all here, but welcome you to read a few of my BP blog articles on a variety of topics in this area when you have the time. 

I used to own property in a "C" area in Oakland California, and the vacancy rates for the area was high due to a variety of factors, and the tenants turned over a lot. 

I can help you with your vision in a variety of ways.

If you visit the property, consider sending a thank you note and maybe flowers to the owners, thanking them for holding their home open for you to see!