But if you do have a lease we can use the lease agreement instead of the market rent (since it is often lower than the lease)

But there are also some real challenges, like dealing with lower tenant quality on average, the extra red tape, annual inspections, and the longer time it takes to get tenants placed compared to the open market.

And you're right, with our low default rate and the lower price point on 2nds, buying them back is certainly an expense but not a major one.

Out-of-state markets like Houston, Indianapolis, Cleveland, and Cincinnati offer better cash flow and lower entry costs.

Guests normally don't like to be asked to cover damages that they caused and sometimes give a lower rating because we ask them to cover it even though they have COI that insures my listing.So I'm exploring the event guest screening option that they could put down the security deposit as well. 1.

Additionally, you might want to consider an FHA loan for the duplex if you plan to live in one unit, as it requires a lower down payment and could still allow for a good return on investment.

So far, my research shows a good mix of demographics, population, incomes, AND the crime stats seem pretty low... lower than the national average.Anyone investing in Appleton, WI and willing to share your thoughts/experience?   

There's so much content and so many individuals who push inexperienced investors to take action before they are financially ready while downplaying the risks, particularly those associated with  properties in lower tier neighborhoods.

You don't get better roi -- build a nice monthly income with a couple props in this realm and then move on to a "better" area to play the lower returns hopeful appreciation game - or consider single family, flipping etc.  

You'll need to build a new foundation above the base flood elevation and lower the home onto it.