Those areas cash flow well and certain blocks will give you minor appreciation.

Thank you @Israel Garavito - currently only 1 tenant (out of 20) are on behind on rent (and that too by 1 month). they have open parking spots, individually assigned to each unit (no extra charge) and few open parking spots. on comparable, there is an another apt complex, a block away, but has studios, 1 bd, 2 bd apartments only. they have many sizes, the largest being 1200 sq ft. currently go at $1300-$1700 for their largest 2 Bd. it is surely newer, with higher amenities build into it. from what i can understand, they are under performing due to COVID and running promotions to fill up their apt. of course most of this info, is based on the seller sharing verbally. i did not review the rent roll, 2 yr returns yet.

Also, the building stock here is incredible, and you can easily find 2-4 units or if you want to jump to small apartment buildings there are blocks and blocks of 6-12 unit properties all over the place. 

They are in good condition and on 8" reinforced slabs with proper tie downs, blocked and skirted, they all have pitched, shingle roofs. 

Should we wait around to see if a better deal on a block home in a non flood zone pops up?

I did manage to get an extra 5% off a significant purchase of landscaping blocks from retail, but most of the consumables are already at market price and Lowe's advertises the bulk savings right there at the item sticker for contractors.

Also note that for your clients that want to put 3.5% down on a $1.6m fourplex that's 2 blocks away from Apple or Google headquarters.... if it was as easy as that, we'd all already have done it, myself included.

From there a 65-70% LTV leaving somewhere between $80-$135k in the deal if everything went well (broker noted rates should be 3.5-4% @ 25 years)Monthly debt servicing would be $3.5-4k/mo leaving about $1-1.5k/mo cash flow after all expenses, maintenance reserves and prop mgmt are taken care of.It is located downtown sicamous, about a block from the beach.

My contact info should appear down below in my signature block, provided you're not using the phone app.

For new investors looking for yield in this market, I hope these four tips provides much insight on how to strategize your next investment in the Baltimore:1) Know Your AreaBaltimore is a very block-by-block city.