@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. 

While sites like Alltherooms and AirDNA have some good market data, they're not always up-to-date on the legal side.For the most accurate info, I suggest checking the city's official website for the latest on STR regulations.

Very important to do your own research on all of these items and not just accept their projections as accurate. 

They are strict to follow local MLS rules so be prepared to get detailed and accurate in your listing.

Of course, that assumes all your assumptions are accurate - I'm not in Dallas, so can't provide guidance on those.

Let's assume the property has $313,000 in NOIValued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow + Are you a gambling man? 

I also relied heavily on the appraisal report as a 3rd party verification that all information was accurately presented to me. 

Hello all, does anyone have a good accurate flip calculator they use in order to decide if the flips are good deals?

The reason why is you will not be able to get an accurate picture of the repair value of the property which if you do not know what it will cost to repair you cannot accurately determine a buy price