Right before the economy went down there were plans to build some sort of commercial building (medical offices I believe). the proposed plan never happened and now everything is on the market again.

That way it will be easier to be hard-nosed and evict someone if you have to.There are tons of international students at U of H, and there are also tons of international (mostly Chinese) researchers who work at the Texas Medical Center.

If someone has a low score because they've had problems with cable/cell phone companies, gym memberships, medical expenses etc. but have always paid rents I'd consider them.

I am looking at a potential REO in Indianapolis that has been reduced to a very low price because of an order to repair list.

I will prepay the note during good years to reduce principal drastically.)How do you guys feel about the deal in general?

I'm doing an assignment for 399k given the dimensions of the SFR, the size of the lot and the property values in the area there are very limited comps, current ARV is 500k+ it needs 10 to 15k for a basic cosmetic rehab, however the updated properties around the area have sold for 700+ so the potential for profit is there...ISSUE: I've reduced the original price and a few investors have gone by but the main thing that comes up is the exposure to a popular street (for the locals, It's on the corner of Shea Blvd and 61st St).

if you can rent it and hold it for a year you will substantially reduce your tax liability on the property.

That's a recipe for problems down the road because unexpected expenses (i.e. car repair, medical bills, etc) always seem to come up for many tenants.

A recently trending thread started by @Brandon Turner discussed accepting section 8 from an existing tenant but having to accept a reduced rate as a consequence. 

If you feel you can handle it alone, you don't need to negotiate the reduced commission up front.