Typically you are going to run at least $40k if it's just cosmetics, but you can get up into $150-$200k if it's a large gut rehab that needs everything say in city limits. 

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Counties typically require the trustee to be listed on the deed. 

Believe people started noticing the potential NOLA has for hosting large events outside of the typical jazz fest, Mardi Gras, etc.

Hey Nicholas, the typical min down payment is 20% for a DSCR loan.

Even then the numbers typically won't meet my criteria due to many factors.1) Everything is over priced.2) Everything costs more now; HVAC, utilities, water, sewer, taxes, insurance, hell even lawncare.It is more critical now to be extremely picky.

The home now generates about $16,250 per month in cash flow, far exceeding typical returns, while also building equity and long-term appreciation in the Catalina Foothills market.

I typically put a major national lender's number in my client's phone number block, sometimes the local adult entertainment club.

Resale sellers may not need to sell, and can typically hold on a lot longer (depending on the seller of course).

High rental yields since you can charge higher rent typically than traditional.