This followed after a 2X overflow of a tenant on a first floor that flooded his bathroom using a portable washing machine and flooded the basement apartment.

For many years, I've been studying and following this community to dive into the world of real estate as an investor.

Should rent $800 to $950.The friend purposed the following. 

Jerryll's Ad, in part, reads as follows:"I'll give you everything 100% FREE!

No off-street parking = not worth doing MTR unless it meets all of the following: super urban area where no parking is the norm, highly desirable area with a ton of MTR demand, super safe part of the city, and has great public transportation (think NYC, Hoboken NJ, etc.)Unless it meets all of the criteria above, I pass on those opportunities because my MTR will be eliminating the many people that travel with their vehicles.

In KC I'm using the following splits: A 99k+B+ 75k - 99kB 56k - 75k B-/C+ 48k - 56k C 28k - 48kD under 28k Here is the updated guide by zip codes with the new class of B-/C+ created. 

Quote from @David Martoyan: Has anyone here successfully adjusted their strategy to focus on finding deals that don’t follow the traditional ARV formula?

One bit of advice where you can be ahead of the curve is to write down your screening criteria for possible tenants and commit to following it.

I would never buy a STR if the deal didn´t have either of the following, in addition to making sense as a STR: A. an obvious pivot (LTR, MTR) as my safety net if the market moves against me or B. have some additional RE benefit that would make it a deal using a different strategy ex.

The more you know upfront, the less your spreadsheet surprises you down the road.One last note: I’m not a lawyer or CPA, so keep this strictly as friendly advice.