https://www.biggerpockets.com/markets?

If you're looking to expand your search, you may also want to check the Columbus OH market.

I’d recommend a local market if at all possible.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I see Cleveland is a market you are thinking about.

I'm looking to replicate that in Houston so I can start flipping in that market.

It has some pros and cons but the airbnb market is stabilizing like any other market.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Most likely the new lender is going throught the foreclosure process and typically will end up taking the property back.The original posters chances of getting this property back now is slim to none as it will be sold at market value.  

@Jeanette Land I work with clients in 11 markets across TX, OK, MO, TN, AR, and AL finding them turnkey properties for their portfolios.