Both of them are offered as value-add plays based on a light reno which is supposed to result in rent increases of $115 to $150 per unit.I have my own thoughts on where I want to be in terms of property quality but I wanted to see if any investors local to the area or knowledgeable about the area could offer any opinion on what class these two neighborhoods/areas are and which of them would be more resilient in an economic downturn.

Most of the time though, the big banks will not play ball since the person you are talking to are following scripts, but credit unions or local mortgage lenders don't mind going to a bidding war.

Ideally By the end of the month the police are throwing you and all your crap out of the buildIng .

Right now it's vacant so this is the ideal time to do the majority.

The smart ones do not rely entirely on playing the sport and will wisely get a degree.

Ideally the want to give me a Gift of Equity (market value - remainder of existing mortgage) as a down payment.

Do you guys go out and market to distressed sellers do you can buy your dream or ideal home at a discount?

Ideal credit score or capital on hand?

If that looks somewhat interesting you can dig deeper.Note: it could be that the rents are bellow market, so the Income maybe way lower then what it should/ could be. that's a value add play right there. 

I do my best to put my many value judgments out of sight when I deal with my tenants.