I understand both sides of the coin.

ThanksIts on the side of a house

Also, each side of major roads like i35 and 377 will generally have very different prices.It happens a good amount in smaller towns and especially with CRE where you really can't run a sound comp because there's just no data to do so.

I use RTAs from Kitchen Cabinet Kings.Flush hot water heater between tenantsUse drain enzyme to clean out drains between tenants to clean old plumbing lines.Use a powdered boric acid based bug killer before tenants move in to keep bugs in check.Use stainless steel and ceramic for sinks.  

Unless you market is hot, you run the risk of attracting lower quality tenants.

We hired subcontractors to do the roofing, siding, electrical, plumbing, and drywall.

In this case, you can usually get a senior loan to 65% and mezzanine to 85% or more.There are also structured options available, which gives you single high leverage loan, and the pieces are broken up (syndicated) on the lender side.

In my region, rents actually did NOT decrease during that time, but I still build in an assumption that they would decline in lockstep with the pricing to err on the side of caution.

It's current market value is $875 each side. 

The domain is hot, of course, but I don't really consider that northwest anymore.