That process is a PITA in NC, at least for C type property.

Originally posted by @Chris C.

Account Closed I understand some of the C or D areas may have cash flow opportunities but tough to find much cash flow in B areas within nicer neighborhoods, schools etc., especially in the northern suburbs.  

Looking for properties within the 30-50K range (all cash offers), with a NOI of atleast $400- $500, in C+ neighbourhoods.

Instead, I'm pitching, "This is Property A, and its value is supported by B, C, D, E and F.

There are still areas that you can get about a high 6% to low 7% return in the Dallas County area, might be in the C class area though.I think your target is realistic...depending on the area.

Thanks guys for your input I know this deal wasn't much of a good deal once I did my numbers on the bigger pocket calculator but the owner also have another property in a C working class neighborhood waiting on info will keep you guys updated

Hi @Zoltan C. 

The "tough" criteria could be: a) no evictions and good references from all landlords; b) no financial judgements against you in 5 years (may need to lower that); c) no credit delinquencies in 5 years (this is really probably the kicker - everyone seems to have a credit delinquency).  

A/C, Roof, Water Header, Paint...