TO me, it seems someone that isnt local would only be able to provide basic help and would not be as in tune to the pros and cons of the neighborhood, local incentives, people to talk to and work w/ etc.

However, the rental is in a low income neighborhood and I don't know how it will play out over time.I don't want to owe money on that house.

I currently live in an 8-plex (2/1 units for $625) in a C+ neighborhood.

(Leasing for August 2013 started in January.)I would suggest to ask students where the "nice" neighborhoods/streets are to live off campus and target research there.

3 bath (all three have showers, one has shower/bath) 2 car gar house in the same neighborhood.

But given that Andy is new to rental marketing and the whole landlording thing and we dont know how hot his rental market is in his neighborhood , I'd plan for it taking a month to get tenants in there.

I am hoping to get some suggestions on lenders/financing styles I should seek out and also overall deal strategy with a potential mixed use commercial building.

I am hoping to get some suggestions on lenders/financing styles I should seek out and also overall deal strategy with a potential mixed use commercial building.

It's all relative to your market and the neighborhood as to whether or not the $69,000 for a lot is a good deal or not.

Even though my house is in one of the very good neighborhood with tons of professionals around, somehow almost every applicant I got has issues that I am uncomfortable with.