For a rental that shouldn't have a big impact on whether or not the place rents quickly.

They will typically loan you up to half the accounts value and while you do pay interest, you essentially pay it to yourself.

Since I am essentially agreeing to purchase the sellers house, (though I am just going to assign the contract or double close) doesn't a Realtor have to be involved?

It is the hottest hipster area in NY  I first had to find out what a hipster was then was intrigued what was the impact on real estate .Is anyone targeting hipsters ?

Don't forget the time value of money if you go forward and say it takes you a year to get going, well the numbers vary depending on how you work the deal but you know you can get essentially the same building turn key on a better street with a 20% ROI.  

Therefore, it has no impact on your borrowing capability.

Fees are impacted by community amenities (pools, clubhouse, parking, etc.); costs included in fee (landscape, water, trash, cable, internet, security, etc.); and community maintenance issues.

In our area, homes older than about 1980 will be severely impacted due to their lower elevation.

I really like that is is essentially a brand new house.

A lot of these families also work and they have lots of cash because they dont trust banks, so the income is there you just have to learn to get it from them. also, If you think of the labor force that the lower income areas generate you can get lots of help because in my experience they usually work as construction workers or more menial jobs that are essential to some real estate investors.