Calvin Ball intends to introduce a housing package which will include the following:Rent control at a 6% capExpanding a right to purchase of existing properties to nonprofitsExpanding a payment in lieu of taxes agreement for privately held propertiesRental security deposit and rental assistance for Howard Community College and school system studentsFunding improvements for units for ADA purposesAllocating $1.4M in grants from the Housing Trust Fund for nonprofits for rental assistance, weatherization and other unit improvements Clearly, rent control (item 1) and delaying private transactions (item 2) are incredibly problematic.

The harsh reality is that I get a lot of preexisting tenants, who always come with baggage.

DO NOT BUY. your expected costs will be even higher, you've left of closing costs and repairs will certainly be more than 1000 dollars. unless there is another angle this property does not have enough meat on the bones to weather an extended vacancy or large capital requirement (like a roof). if this is the property you want, you'll need a much better price. 

I also like Huntington's proximity to Kentucky and Ohio, because it provides convenient access to markets with other dynamics.We've also talked about starting slowly because experience is a harsh teacher who gives the exams before the lessons!

Updated appliances, yes guests on a budget do want to be able to cook and especially if you get snowbirds who descend any time between October and March and stay for weeks at a time, they don't want to eat out a lot during their stay.Xbox and lots of games to keep the children (big and small) amused, there will be times when they are having a day off from the parks, or the weather is bad and parents still need to keep their children entertained without too much effort.  

Could be seen as harsh but its business.

I do like the area in general (even though I am a Michigan fan)  I do not like our winters and am looking for something where we can go to if we want milder weather. 

You are not concerned with cold weather or rain /flooding in California, but that is a real concern in the midwest.

Make sure you purchase your deals with a plan to weather the storm brewing.

I know that may sound harsh so I apologize if it's coming off like I am attacking you because that is not my intention here.