Each asset class has its own pros and cons, or risks and rewards.  

Adjust return based on holding time and risk reward.

I would factor more vacancy as you might get more turnover compared to other suburbs. 

Considering the more lenient US laws compared to the UK in contracting.Again, thank you so much for your reply, perhaps we can connect and see out opportunities in the future!

Columbus is going to be a market with more expansive growth compared to Cleveland, which is currently pretty steady with higher cash flow but less appreciation. 

They typically have multiple origination points (meaning very high closing costs) very high rates (compared to conventional but also compared to 6 month or longer waiting period DSCR products) and almost always have VERY long pre-payment periods up to 5 years.

They should be given 2 to 3 years to do something like that given its harder to retrofit those in and its also much more costly to put in compared to new construction.Again, they've been going for 30 or 40 years with nothing and now expect everyone to just jump. 

That was not as rewarding experience as the first responder.

As I've compared the two, I feel that the Fannie Mae Homestyle product is an easier process.

Quote from @Nelson Badillo: In my experience, HUD requires you to provide at least three comparable properties to justify your rent.