Also, in 1M+ loan world, you can leverage non recourse loans and rates tend to be as attractive as conventional.

An A area that would attract high net worth individuals.  

sorry, i meant comparable buildings/shophouses generally cost a price that yields 3 - 4.5 percent gross rental yield annually. ie. people may pay 1M for a shophouse that makes 30k p.a if it is very attractive or 45k p.a if it is less attractive. 

Look for schools nearby and how the state has ranked them, meaning the higher the ranking, the more attractive your place becomes.Overall I think you need to decide what kind of investing appeals to you.  

I wouldn't put them in my other properties but when I rehabbed this home, I did it to attract someone who might be a long time tenant so I am willing to take the chance on white and worst case scenario paint wise, I'll have to add another coat to the doors.

In my area, they make it very attractive to work with people that are homeless because their is a strong stigma against what it actually means.

Hi Ley,I would be refinancing with a conventional Fannie-Mae backed lender as their terms are more attractive than a commercial loan, and conventional loans can be done on investment properties at terms still better than a commercial loan.

I have properties in Milwaukee, Memphis, NYC and New Mexico and sold a couple in Florida and North Carolina and Philly attracts me for the potential for strong ARVs in some areas as well as cashflow.

The last thing you want is to buy a mobile home in a neighborhood where you don't feel comfortable which attracts residents and clientele that don't fit your personality. 

I'm trying to understand the geography and the attractiveness of particular locales.