One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

We host Free Meetups in Boston, Worcester, Lowell, Manchester, Portsmouth, and Biddeford. 3️⃣ BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat):Find distressed properties, add value through renovations, and refinance to pull most of your cash back out.

Getting rehab started now.

Yes, a DSCR loan is generally a refinance of a property once all of the rehab has been completed and you've started renting out the units.

Clearly there's a lot more ROI and work for a BRRRR.After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. 

Little to no rehab/capex spending was needed.

Hi @Jefferey Eutsay,This deal has potential, but there are a few critical blind spots and questions to address before making an informed decision:Cash Flow: What’s the current and projected NOI (Net Operating Income)?

If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a FHA 203k Loan.

Is it lower risk than flipping, rehabbing, or owning a property leveraged at 65%+ LTV?

We determined the ARV, estimated our rehab, decided on our required profit, and then negotiated on the purchase price based on that data.