Hi Folks, evaluating some Out of state STR options, some markets have primary residence requirements.

If you are thinking a long-term hold the Cash on Cash metric will likely be the most helpful in evaluating your deal with interest payments.

Some universities have a housing shortage and some don't, you have to evaluate the situation by you.

The company line is simply: We cannot evaluate you as a tenant until you see the unit, complete the application form (which has a space to furnish explanations of anything you believe needs context) and pay the application fee.

If they have actually proved mold (highly unlikely) the next step is to carefully evaluate their report and see whether the tenants actions/inactions may be the source of the mold...

In addition to this forum, you may also be interested in PassivePockets.com - our foray into helping investors make better decisions while evaluating syndication and passive real estate opportunities. 

Below is the property evaluation projection for a B class property (zip code: 38127).

I evaluated a few properties in my price range at the time I was looking, decided on a property and then did some market research to make sure the market would be a good market to invest in. 

This is why you must evaluate properties not strictly off intrinsic #s like people did in low rate era.

Maybe you are able to learn and develop the skills needed to execute effective marketing strategies, find motivated sellers, evaluate properties and what repairs are needed and the costs, structure deals for distressed properties, make effective offers, know how to properly fill out As Is contract, build a buyers list, market property effectively to buyers if wholesaling, negotiate price with buyers, and using the right title company and getting funding to wholesale the property.