So those are the two metros you chose off the list - pretty good choices.  

However, that is my choice and I'm sure it won't work for everyone.  

However, it is your money and your choice.

You have some great valid points and great to know about Zillow, I knew it didn't take all of the factors into account but glad I heard it from you as well :)I just need to learn how to grow my business the safest and smartest way.....love that there are so many different strategies to do this just trying to find the one that fits for my family the best and our goals.

I could write a book on this but send me a PM and we can schedule a call for me to give you all the details you need to make an informed choice if the 203k is the right product for you.  

If it's a family member you may have no choice, however, if I lent money on a home, it would be in first position mortgage note!

The deal is safest if he can put in cash to pay-off the mortgage. 

Looking good.Great choice of floors and color scheme.

The good renters will make a choice on the collective features of the area, not just your unit.It's a numbers game to find good quality tenants.  

from what i have been reading all over the net it sounds like a wise choice to ask for rental insurance when renting especially to lower income renters.