@Min Zhang I have tended to look away from my local market because of the high market prices.

What has also been successful is creating a list for likely foreclosure homeowners like high LTV or no equity lists and marketing to them

My partner works in finance and I have been managing high-profile construction projects for about a decade.

Hello Friends,I just got my first investment property ever in Cleveland. I want to use my own home inspection company rather than the brokers. Is there anyone who can guide me please if you have a trusted company?Than...

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

There will always be water intrusion with stone/rock.

The interest rate you were quoted is not high.  

I received a quote from a broke that mentioned it will be ~$30k/unit (seems high), which should include adding washer and dryer units to the apartment. 

For example our bridge loan product is ok with your debt to income being to high at the time of purchase as long as the debt to income will be low enough to qualify once you rent (or sell) your current home. 

With interest rates this high, really the only logical answer from a numbers perspective is "put more down".