Based on the numbers, it sounds like the high origination fees, combined with the 70% LTV cap, are driving up the costs, especially if the lender is being conservative with their appraisal values.

You have 3 tests to meet in 2024, all 3 of them.1.

I currently don't know where you are in your investing journey, where you are trying to go, or if you are walking, riding a skateboard, or driving a Lamborghini.

That's a great situation that you're in with your employer sending you out to test these markets over the next 18 months.I am from Pittsburgh and happy to answer any questions you have about the market here.

I like them both, in general, but the best way to find a town to invest in outside of where you live if it's not affordable and if you don't want to be withing driving distance easily (recommended) is to make two lists:1. every town you have ever lived in or visited for more than a month2. every town your closest friends and family live (the ones you like)Then you take those two lists and see where they overlap with the data or lists you are using.

I  was thinking about and about to start working on becoming a real estate agent, but  also I cannot drive because I simple never learn.

"One or more of the sink drain lines had leaks under them when tested.

The city stated they will send someone out to test the meter and yes, I charge the tenants a 5% late fee for late payments. 

Just the other weekend, I was driving around to get familiar with the local market for an open house I was hosting the next day.

After doing some initial research, I decided to check out some zip codes in Philly as that's an hour's drive from where I live - 19132, 19133, 19134.