Marc C.

This can significantly increase the heating bill (and cooling if the home has A/C).

The type of area (A,B,C,D), is there a school in close by Etc.

I've been told by many prospective tenants that they felt the high rental rates in New Haven were being driven by the abundance of people in the area with housing vouchers as the housing authority pays top dollar (over market in most cases).I'm not sure that is accurate or not but there are many (C/D level) rental properties available for rent in New Haven and a few of the surrounding towns.

It would also help those newer to real estate investing (less than 5 years for me) to know how many suits you have had vs. the amount of units and amount of time in real estate investing, as well as if the property was class A, B, C or D.

A STANDARD FHA loan, would not be available on a home that needs a new roof, ($10-$13k cost for replacement), new flooring because the floor has issues ($8k), new appliances ($3k) and a new A/c ($6k) .So the bank finances the home, sets a $30k escrow account associated, and you take care of the major components that would normally stall any other FHA buyer or be a hindrance in any other home inspections.

I am 22 years old almost 23 and have over 2000 a month left after all my expenses every month and i still live at home. my area is popular with some c- to c+ deals but not sure if it is worth it to start one if i have the free cash flow to go for a higher end market. my mind is flowing with a ton of ideas and any help or advise anyone has would be welcomed.Thanks and have fun!

@Bryan C.

Terrence C. welcome to BP!

Just my opinion I think we are going to see the lower end deals( subprime, and type d and c assets) making a come back for investors.