We have perfect feedback and Premier Host, and allow Instant book, but do not have a liberal cancellation policy and have some rules in place (4 day minimums, for example) and are not fighting the cheapo battle, and we tend to get somewhat buried in the search rankings.One of the things that really burns my *** about VRBO is that they allow the property owner to self select the type of property that it is rather than forcing it into where it belongs.

Impressive Rent-to-Price Ratios: Average rents for 3-bed homes are about $800-$900/month, potentially yielding 12-15% gross returns.Economic Transition: While historically industrial, Bay City is diversifying into healthcare, education, and service sectors.Revitalization Efforts: Downtown redevelopment and community initiatives are breathing new life into the city.Strong Cash Flow Potential: Low property taxes and insurance costs contribute to robust monthly cash flows.Let's crunch some numbers on a hypothetical deal:Purchase Price: $75,000Down Payment (20%): $15,000Mortgage (4.5% interest, 30-year fixed): $304/monthProperty Tax: $100/monthInsurance: $60/monthEstimated Repairs/CapEx: $100/monthProperty Management (10%): $85/monthTotal Monthly Expenses: $649Potential Rent: $850/monthEstimated Monthly Cash Flow: $201Cash-on-Cash Return: About 16.08% (not including appreciation or tax benefits)These are rough estimates, and individual properties will vary.

Think game room, hot tub, peloton, neon signs, pool table, arcade games, and pickleball.Optimizing Listing Photos: The first impression matters.

Credit unions lack product selection and lender experience.

. #2 Research the various markets you're looking into (population / job / economic growth currently going on in those markets) and then make your selection. #3 Start working with an investor focused lender / realtor / property manager and get good at analyzing numbers. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

I've spoken to some and none have said this is a safe loan to make.Best of luck, I fund sherrif sales but only in select states  NOT PA too complicated there and too much risk.

I would also love to hear more about why you selected Fairfield County! 

@Jay Hinrichs Developments are definitely BIG money makers, but thats also reflected with the risk associated.That's why these projects take so much time and capital, but if you make the right judgements for project selection, and do all your due diligence, it'll turn out well.

I'd focus on getting a better property manager, their job is to shield you from most of these headaches and to prevent them in the first place through tenant selection and doing regular property inspections.

Risk Mitigation: Highlight how you’ll mitigate risks, whether through market research, contractor selection, or conservative estimates.Philly B Class Areas:Since you're targeting B Class areas, which typically have stable rental demand but may need some renovations, a structure that combines monthly interest with a lump sum at the end may appeal to lenders.