Thing is many are A-class neighborhoods so generating cash flow will be difficult as the market pricing is supported by owner occupied purchases.Is Parma a good area for investing?

I say buy.. take advantage of thse low rates of an owner occ mortgage.. then your building equity instead of building your landlords equity. .. and since you can get roommates all the better. then if you want to buy again you have a rental in your portfolio already.. 

I have a non-performing note on a house in Flint and the owner will be signing a DIL.

Is it a standard for all apartment owners?

Other key mentors along the way have been a community banker, and a title company owner - all contributed to our knowledge base about the buying, lending and closing processes.If you haven't already started talking to lenders, I would recommend starting that process now.

There was a small window about 3 to 4 years ago where market started to recover but owners did not know it yet.

I see abandoned homes in neighborhoods when driving by and I’ve tried looking online about how to find the owner and be able to contact them but I have to pay for everything.

I can tel you it is not as simple as pay the back taxes and you become the owner. 

I am a member of MOPOA (Metropolitan Omaha Property Owners Assoc.) which is predominately buy and hold investors.

The Investor is offering to do owner financing for us at 6% with the option to just pay the interest for a time.