Looks like it’s a solid B- or C+ neighborhood that is 48 minutes away from Indianapolis.Some of my concerns are :1) it has a very small population (17k)2) the population is actually shrinking by 0.17-0.3%Do you guys invest in New Castle?

@Eric Bilderback and @Chris B.

We typically get white or black appliances for our C class rentals and stainless steel for our B class and above rentals. 

Richi B

If your strictly looking for work horses with mild appreciation Memphis B+ and A-Class areas would be a great investment tool.

See the guidelines below:Calculation of Reserves for Multiple Financed PropertiesIf the borrower owns other financed properties (determined in accordance with B 2-2-03, Multiple Financed Properties for theSame Borrower (08/07/2019)), additional reserves must be calculated and documented for financed properties other thanthe subject property and the borrower’s principal residence.

Most of my properties are in C- to B areas, more C than B.

@Lola Uriona Hi Lola,  I would like to connect with you if possible on getting a little bit of insight on where C+ and B area rentals are.

Originally posted by @Chris B.

The Collateral paragraph says: All tangible and intangible personal property, including, but not limited to: (a) inventory, (b) equipment, (c) instruments, including promissory notes (d) chattel paper, including tangible chattel paper and electronic chattel paper, (e) documents, (f) letter of credit rights, (g) accounts, including health-care insurance receivables and credit card receivables, (h) deposit accounts, (i) commercial tort claims, (j) general intangibles, including payment intangibles and software and (k) as-extracted collateral as such terms may from time to time be defined in the Uniform Commercial Code.