Apparently it was nothing and I must have misunderstood him.

I feel like there's somebody out there that must be going through the same wonderful decision.

We're new to this, but have been reading and visiting open houses for several months.

Try visiting your local real estate investment association.

I found a terrific building, but once I started doing research I realized it was in a very high crime area (murders, drug dealers, etc). 5 blocks away from the building was fine, but the exact location of the building was a really bad area.I would definitely visit any property you're thinking of purchasing, as well as talk to the local police about the area you're considering.Good luck!

So going back to who that ideal audience is a must.

If it's his responsibility to maintain the place though I don't see why he'd let troublemakers stay/visit/whatever.I'm calling the property manager in a bit and will update.

FHA requirements for owner-occupancy state "At least one borrower must occupy the property within 60 days of signing the security instrument and intend to continue occupancy for at least one year".Not sure what your exit strategy is, but keep in mind you need to season the title 6 months before you can cash-out refinance into a conventional loan and use the higher ARV.

It is a niche community where the HOAs have regulations like, each house must have a hanger on their property for a plane.

Most important it must have integrity and not too pricey.