You will definitely learn a lot here - reading books and listening to podcasts, attending local meetups and conferences are all great ways to learn, gain advice, share thoughts and network!

I know for a fact that Chase has an internal condo approval process for all loans being sold/brokered to them. https://selling-guide.fanniemae.com/sel/b7-3-03/master-prope...For FHA, the guidelines are FHA 4000.1.Also, this: https://www.hud.gov/press/press_releases_media_advisories/hu...Long story short, condos are becoming increasingly difficult to finance.

He lives in Oregon and if you see his social name, you get why you need to confer with him right away.

From the conferences I have attended, all I have read I think 3x rent is more common but that doesn't mean your PM is wrong. 

I am also a recent rent redi user, I dont hate it, but at BPCON24 , i met with hemline and their software looked really good to me.I set up a call with them this week so use their demo, and their AI for the maintenance was very helpful.I don't mind rent redi though, I met many people at the conference, stessa was a one pf the populer ones.

I was just at a conference in Nashville and one of the speakers was 24 years old, he was able to raise $2mil in 24 hours for a $10mil syndication deal, anything is possible. 

Affordability is about 1:3So yeah on the surface it looks like a big difference, but there's a lot of things not controlled for in the stats- There were a crazy amount of houses built in the years just after the war, so housing stock was easy to come by everywhere;- Homes had nowhere near the kind of features they have now - 2 car garages, dishwashers, OTC microwaves, W/D hookups, high efficiency windows, central heat & air conditioning, etc - all those doodads and niceties drive up the cost of housing;- Fewer mortgages were 30 year, so homeowners had to pay (relatively) higher monthly payments;- Rentals were almost exclusively apartments, so there was more supply for buyers;ETCI think these things tend to be more stories that make for good press but aren't really that grounded in reality overall.

He is trying to set up a conference with Judge Waldrip in Comal County and would like to have that hearing on line so that investors can hear the information they have collected.   

You are looking for issues with the foundation and any other exterior anomalies like giant trees that could be in the sewer line or pressing against the foundation of the house, evidence of buried tanks, where the septic and leach field is, etc.There are plenty more things to focus on as well, but these four are often neglected by newer out-of-state investors relying on an agent or friend as their boots.What else did I miss?

Looking back 15 years later, I should have pressed much harder, the opportunities were too good.