It's not an easy loan to get but the rate is very attractive and the fees are relatively low, as they are regulated.I have access to the program as a Mortgage Broker but have yet to do one.

Building your team is easy after you've attracted the capital 1st. 

I've got to say this: Attracting, showing, screening, and on-boarding tenants is just a teeny, tiny part of the whole property management process.Because you are out of state, I would strongly urge you to hire a professional PM to handle this and all the other services you are going to need.That way, you can focus on finding more great rental properties, and not on reinventing the wheel!

There are some that slope down a bit at one point, maybe where a wall used to be.Any suggestions on durable, attractive, but not too expensive flooring? 

He is trying to attract passive investors into an active game. 

Buy your renovation material based on the type of neighborhood and the income levels it attracts.

Cash-on-cash would still be very attractive calculating the monthly cashflow vs the money in the deal. 

My apts are in Brooklyn, NYC and in good areas.A few of my buildings are near a school, Pratt Institute, that attracts a lot of Foreign students.Pratt is EXPENSIVE (think $30k to $50k per year with Dorm).I can't really do credit checks on foreign students.

A solid C class will attract individuals who have the same underwriting profile as an individual looking to move into a C class home, the only difference, for one reason or another, they do not want a SF home. 

That kind of natural appreciation makes it an attractive market to build new projects.