Another investor of ours wanted to grow their portfolio and their goal was to diversify out of the west cost.

Hi Sam,Would you be willing to share details/costs on the machines and system you went with in the end?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Would we be able to pocket the buyer commission to remedy the final sales price or closing costs?

Most of the properties I have available are $300,000-700,000; so if a hard money lender requires 25% down, with closing costs of 1-2%, and the hard money lender wants $20,000 in reserves, plus 1% to the hard money lender, we're looking at anywhere between $104,000 to $216,000 out of pocket costs. 

My concern is what will happen to my future insurability or insurance cost increases if I go this route.

Moreover you don't have to pay any fees, commission or standard closing cost either.Let me know if this interest you.

Most lenders will not approve under $90K to $100K because it violates high costs rule.

In fact right now, debt coverage is is going to present a greater obstacle than obtaining an appraisal that is 20-25% greater than your cost.

Your local REIA can often provide similar information at a fraction of the cost, allowing you to allocate your saved capital towards your first deal.