Great insights.When you say that you share with the appraiser some comps, are you referring to other post-rehab properties in the area, with similar rehab outcomes?

If not I would recommend looking up other AirBnB owners in the Covington area and simply asking them who they use. 

The only way I KNEW it was a good deal is I had been researching two areas for about a year. 

In solar sales (door to door) the setters typically make about this same range.Most companies in the house flipping world seem to buy lists online or run basic skip traces of areas and send lists to VAs to setup calls with the owner of the company.   

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Can anyone recommend investor-friendly lenders and property managers in this area?

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .

My only tip is to stay on top of the market rents in your area.

Even in philly in D class area it is tough to hit the 1% rule.