Hi Marie,I'm not a seasoned investor, actually just starting out, but I'm close to making an offer on my first rental property, and wanted to share what I found when I ran the numbers in a similar situation.

It is true that many of the shareholders are actually negative on their equity (purchased for $70k, now worth $30k at most), there are those who purchased for $15k so getting everyone on board will be mostly impossible.  

Some sellers will include estimated vacancy and maintenance, typically 8 to 10% a piece.

I actually just had a client of mine purchase a home in Springfield OH.

I informed her that despite her knowledge it is actually indeed legal.

Carli my name is joez 😊 .I have been and investor many years .First a few tips read rich dad poor dad Robert KEOSKI to simplify investing .Second to me it's all about the numbers .If you have NEGITIVE cash flow and there is no room for growth you are not in the right place .Finally keep all your investments within 20/25 minutes of your home you will be taking many trips in the beginning to open doors or turn on switches lol .Look in a good deal there is meat on the bone say and older person neglects in a good area potential clean up and flip so on .Final piece kiss keep it simple spiggette it's in all investing books hey good luck any questions I am Always looking to learn and do better 

I actually just found this site below while googling something else, but was surprised to see that downtown had the highest rents.

@Njeri S.Yes, you can.You can actually take cash out and buy the second home concurrently as Fannie and Freddie don't require a waiting period.

What list are you mailing to (you don't actually have to answer that)?

Also, if you're looking to learn/network, I'm actually hosting an event next Saturday at a property currently being house-hacked in PB.