I consider our C-Class neighborhoods to be much better then the neighborhoods described in this thread and we do evictions every single month.

Hi all,I am going through the research now on doing a 1031 exchange from a single family home where I have seen decent appreciation (and also was my first SFR, so I put more into it than I should have!).  

My goal is to start with single family or small multiple family rental properties.

My goal is to obtain a single-family rental property sometime in the next 6 months, and if everything goes well, continue to do that (buy more rental properties) at regular intervals.  

My first deal was single-family in which I used my mentors capital to fund the deal @Jerad Gardner.

But if you buy a building of all studios and 1 bedroom apartments then your renters will more likely be young singles and couples who will want to be near work, restaurants, bars and other entertainment.  

If all the damages are on 1 single elevation then really only that elevation needs replacement.

Single family units are more costly when you have a vacancy.  

As more and more people convert these to single family homes, the two flat becomes more and more rare in this neighborhood and more desirable.

ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets  .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's  ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation  8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30%  .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs.