Section 8 vouchers pay up to fair market rent.

You have many people who say midwest markets are now appreciation markets, but I disagree with that statement.

When I worked with a property management company, we had someone buy a unit (single family) that had a STR and marketed it as a STR.

I have met a few folks recently who are active in that market and I am planning on following up and seeing what their experience has been.

Now the property has been sitting on the market for months.

Find someone who's doing what it is you want to do in the market you want to do it in and bring them value to learn.

Nonetheless, you can base the DSCR calculation on PadSplit rent (if there's a history of PadSplit income being produced) or short-mid-term market rent (an analysis done at the same time of appraisal).

I personally have been an investor in Chattanooga since 2021 and the market has shown tremendous growth and strength, and I'm super optimistic for the future.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

But it goes to show everyone reading this that marketed projected returns are often the primary metric many investors look at.