That’s not negative, it’s just the truth.Sucking Out Every Dime of EquityWhich is greater, the fear of loss or the desire for gain?

@Derrick AlexisFrom what I understand that’s an extremely desirable area more suited for professionals, not student housing.

The list goes:___ One Story___ Two Story___ Minimum Number of Bedrooms ______ Minimum Number of Bathrooms ______ Jacuzzi Tub___ Separate Shower___ Half Bath___ Garage for ___ Cars___ Carport___ Great Room___ Formal Living Room___ Formal Dining Room___ Upgraded Kitchen Appliances___ Granite or Upgraded Kitchen Countertops___ Breakfast Nook___ Storage/Closet Space___ Basement___ Bonus Room/Playroom___ Fireplace___ Hardwood Floors___ Inside Laundry Room___ Covered Porch___ Outside Deck___ Brick Exterior___ Siding Exterior___ Wood Exterior ___ Stucco Exterior___ Hardie Board Exterior___ Swimming Pool___ Fenced Yard___ Large Yard___ Landscaped Yard___ Natural Gas (water heater, kitchen, fireplace)___ Septic Tank___ Sewer System___ Waterfront Property___ Golf Course Property___ Located in ________ school zone(s)___ Close to public transportation___ Located within ___ miles from work___ Located within ___ miles from ___________ Located in a homeowners' associationThe grading scale for those items is: A = Mandatory, B = Neutral, C = No Desire, D = Deal BreakerI need expert opinions on this, so I came here. 

Not that there isn't a place for smaller multifamily, but most of the affordable units are in central part of town where there is more crime and less desirable tenant base.

@Jeffrey Bresch, your first meeting is a chance for you to go out of your way to learn as much as you can about the seller and his/her needs/wants/desires.

I feel like the location is desirable and it is experiencing plenty of construction and development.

That tells us credit, criminal and sexual harassment. 

@Tyler Dunkel I have clients in this exact same situation here in CT who are looking to house hack a multi family in a very desirable area and they are putting down more of a down payment to get down to that maximum FHA loan limit for the county. 

Just for the record, Caleb reached out to Stessa last year and expressed a desire for Stessa to integrate with Cozy and Buildium. 

Beyond making the property habitable as expected and legally required, you should at least attempt to make the property somewhat desirable if you want good returns and lower vacancy rate.