They are primarily C/D neighborhoods and going for crazy prices right now.

A good portion of the Nags Head Links neighborhood is in flood zone X which is good (no flood insurance required in X zone), however there are also houses in the AE zone which can tack on several thousand dollars a year in flood insurance premiums. 

I don't do this to catch people in a lie, I'm actually making sure they know its not in the more desirable neighborhood next door that shares the same zip code.   

Would eventually like a nicer one in a nice neighborhood... but where I'm at in life just doesn't command it and I'm hell bent on growing my business so every extra dollar earned is reinvested in my business, with a few set aside for my rental portfolio.

There are many C class neighborhoods where the price to purchase versus market rents is very favorable for investors. 

The neighborhood was nice and we were sick of renting.

By making the appropriate modifications to the project to fit the neighborhood and buyers in the Oakland area, I was able to make the project appealing to investors and individuals alike.

Not all painters and carpet installers are stoners--just an observation that over my 12 year career of doing this, I have found these 2 traders to rank 1 and 2 though. 

You can find a few around 6-7%... you might be able to push it to 10% in rougher neighborhoods (single family) but it may also be more work/risk to manage those tenants.

yes, if a resident (tenant or owner) resides in a property located in any such neighborhood or condo and is subject to the same rules and benefits of such