You will still have that "cash" behind you and your $800 cash flow can be payment for that interest - so basically just cash. 

Good evening everyone.
I'm working on getting better at looking for deals. I'm working in a market I know relatively well (lived for several years).This property looks good and wondering what others think.https://www...

@Jonathan Greene so basically I'm just starting there because I need money to invest.

You can cut out small areas and use a product like wood filler, plastic wood, durham's water putty etc. or bondo basically to repair small areas, but it sounds like your problem goes beyond that at this point.

I agree that the other units probably aren't updated, it seemed like the range of rents was pretty wide too.Those are basically my first impressions about FHA vs conventional loans as well.

Have been doing it for a year and a half now, and I basically cover rent from the rents I acquire by the room.

I have done some research and understand the basics.

But stick to the basics when it comes to trying to select your market.

I am a fan of Joe Asamoah's concepts about government-assisted housing (which basically state low-income tenants are great if you treat them right), but I wonder if it's a bit of a fantasy (or the playground of real black-belt investors and PMs only).Has anyone had an experience (positive or negative) with low-income rentals, tenants, PMs, or the like?

REI is sexy again, so more people want to do it and we all have access to basically the same information, chasing the same limited inventory.