Soo in the class I am reviewing they are teaching us to undercut deals brought by brokers, but once we refi a property and pay off our partners wouldn’t we simply become the very targets that we were after 5 years ago?

This conforms to the traditional seasonal trend.Rentals - Months of SupplyThe supply for our target rental property profile stands at about 1.2 months, remaining flat year-over-year.

Market Considerations: Given the 12-14 month holding period, how much does your target IRR change in a fluctuating market (either rising or declining)?

Any help is appreciated as I'm trying to get a better grasp on evaluating short term rentals including the steps you go about to finding your target markets.

It’s been an awesome program that I believe was correctly targeted to help those who need it the most and also boost supply. 

Using the enemy method, you can very quickly identify the top properties in your target market and then replicate if not improving upon their listing when you go live!

Bad news does not become good by refusing to answer it.So let’s start with this: are you targeting owner occupied buildings? 

Additionally, if you're targeting a certain area it's always good to ask the local township/borough office on who typically pulls permits and/or works in the area.

I’m aware of some (California-based) investor-friendly DSCR lenders who will only consider the NOI of the target property, and won’t consider your personal income or assets in underwriting.House hacking is an interesting (and tried-and-true!)

I have 20 % of my target purchase price , so I will try and reach out to local lenders and see if they can provide some insight