I am guessing the student loan would be low interest rate.

.- If you are looking at C neighborhoods and below, what are the eviction processes and what does management charge?

She has <550 score which is below my 600 screening.The tenant has 4 dings on her credit score.

We finally sold it at auction for about $30-40K below what we were originally asking.

For example:  I never go below 8.34% (one month rent) for Vacancy.  

And unfortunately at least for publicly listed properties,   being poorly managed and below market doesn't affect the asking price too much,  as they are all priced based on proforma numbers,   not actuals.

@Mindy Jensen will we be able to filter?

Chapter 7 to completely wipe out everything or chapter 13 repayment plan which doesn't go away until dismissed for non-payment or the plan is completed over time and discharged.Check to see if current rent on the lease is at,above, or below market rents for similar properties.If personal guarantee and tenant has strong net worth then it could be a positive because if they default early you can go after them personally for the money.

That being said, I have associates that building duplexes (picture below) in certain neighborhoods and land clearing being done by builders like Lennar and Mattamy Homes. 

I currently have 2 buy and holds in the areas you have described below and live in Flat Rock.