The homes that I an acquiring are in the 3-4 bed and 1,200-1,600 sq ft range.

Added value to this deal by updating the countertops in the kitchen, new fridge and range hood, new paint on the cabinets, fixed and cleaned single pane windows.

I agree that the other units probably aren't updated, it seemed like the range of rents was pretty wide too.Those are basically my first impressions about FHA vs conventional loans as well.

Hey @Noah McPherson It sounds like your renovation time estimate is pretty wide.

Quotes for this property should range between $2500 & $5,000 based on the age of the electrical system and roof.  

If you have the $, features like extra wide doors to get a wheelchair thru, roll in shower, tall toilets, things like that can make it safer for everyone at some point. 

My father will not be investing with me, the tidbit about his opinion was just a quip that expresses the run-down feeling of the location.

I started looking OOS to other recommended markets but realized prices in my market are still relatively low when compared to other areas, meaning in the $225,000-$325,000 range for 3-4 units but there’s not much inventory.

Would it be wise to buy one in a range of 200k-300k?

Start saving up boxes, wide markers, tape, trash bags, cleaning supplies and hire help to start packing everything on day one after the eviction.