Even without a budget for repairs/etc - let's just define "cashflow" as income left over after PITI & utilities for a moment - Mac Groveland and Highland Park are going to be tough.

Another issue I see with older homes is the layout and functionality is tough to manipulate even during a full gut.

None of the lawsuits had a material affect on the business.

It's always a tough call on whether to just do a day trip or pay for a rental as the costs of a nice rental can add up quickly.The TL/DR (which I'll expand on) is that we ended up changing to a strategy of letting others help pay for a cabin that we know we'll love.

The Seller is required to disclose any material defects and a fire would definitely fall into that category. 

This will be tough to run from far away.

For liability I'm thinking if someone gets hurt on the job site, we find out the home building materials were toxic, something along those lines. 

Its a tough subject because logically, they are joint and several guarantys so rationally a 100% guaranty from each of two people (one 740 one 680 for example) is ALWAYS going to be better than just one 100% guaranty from someone at 740 (so it wouldn't make sense to have a better rate for the latter)The problem is that there is fraud and "straw borrowers" out there where someone who is not involved in the property signs on to boost score and terms - so many DSCR Lenders in response either do the "non-rational" thing and price to the lower to avoid the fraud or use the higher of the two (and either be a little loose with things or just stay vigilant on any funny business)

It can be tough to make money with high leverage, especially if market conditions change.

Union City I tend to avoid, there are a few pockets that work for MTR but for the most part the city's rental laws make life very tough for landlords.