I am strongly consideration going the route of purchasing distressed and/or vacant properties (commercial, factory, warehouse, multi-family, etc.) for development in an effort to restore neighborhoods. 

My partner and I are looking at purchasing a rowhome in Baltimore close to Johns Hopkins and a major hospital (Charles Village neighborhood), rehabbing it and holding as a rental.

Any thoughts or advice from anyone with multifamily experience in these neighborhoods?

I would really appreciate if there were any suggestions on up and coming neighborhoods in Jersey we should be looking into.

Here are the details:3511 Powhatan Ave, BALTIMORE, MD 21216 (Forest Park neighborhood)4 units: 3x 2br, 1x 1br all separately meteredRent = 3x $950 + $795ARV: $185,000Refinance 70% LTV = $129,500; 30 year fixed 5.5% = 735.29 / moCash flow $1,071.71Assuming a sale at the start of year 5Total PV - Rehab Cost = Purchase Price144,036 - 60,000 = $84,036Again there are a bunch of huge assumptions here but I'd be happy to elaborate on why I chose certain numbers.

I assume a D neighborhood. also its close to 2%. but anything that rents for under 700ish os going to cost you. paint and doors cost the same for a property that rents for 1200, but atleast you can renovate it every year at higher rents.

So it may be worth staring to learn and do your due diligence about they type property and neighborhoods you want to invest in no matter what the lenders say as even if the worst case scenario is that the banks say you need 2 years of employment so that in the meantime you can get to know where you want to invest and what a good deal looks like and in 6 months you'll be able to pull the trigger right away even if you have to wait for the 2 years of employment to take effect. 

Louis, in a nice, safer pocket of a bad neighborhood, with good cashflow and luckily, pretty good tenants.

Pinpoint the neighborhood you want to live in and start farming the area.

Hi All, looking for feedback from active investors or agents who work systematically based on neighborhood or zip code.What is your process?