Another one I think is huge is the lack of accurate information.

Man, if everyone did their research more about Dave Ramsey before posting on here instead of just saying “well I heard” then we would have a lot more accurate information in this thread. 

You need a complete and accurate income statement (profit & loss). 

I noticed the CMHA fair market rent is showing $2,300 for a 3 bedroom in the 44122 zipcode. https://www.cmha.net/housing/landlords/rent.php Anyone know how accurate are these rental rates on their website and what one can expect to collect?

For example, if a client gives me the income and expenses on the rentals and it does not include mortgage interest, taxes, insurance or repairs, I have a follow-up question just to confirm that information is accurate.

PadSplit / co-living are just now becoming popular around this area but the problem is determining the rents so I can perform my underwriting accurately.

Airdna has been fairly accurate for our other STR which is averaging close to 3k/month this year with the peak STR season being fall as we're located near two universities (football season).

I see that HUD has historical data per zip code here (40th percentile of the rent prices in the area used for section 8):https://www.huduser.gov/portal/datasets/fmr/smallarea/index....I'm not sure how accurate is their data in some of the zip codes.Here data data is broken down by bedroom count so you can get and idea if it's a house or an apartment depending on the area and room count.Zillow data is limited depending on the zip code.

@Yvonne Wang Use this website to cross check for zoning and whether the permitting is in place. http://atlas.phila.gov   It's a good website with accurate reporting.

Median income is 117k, Median home price is $370kIn Palo Alto,CA, median income is 178k, Median home price is $3,200,000Cleveland median income is 92k btw...So Milwaukee still has long appreciation play that can still be supported by people income, what I don't understand is whether the statistic is accurate, I thought the income in that zip code is only 50k.