Hi Team,I’m evaluating duplexes in my area.

Secondly, does anyone have a good metric for evaluating mid-term rental demand?

Do you use a boots on the ground type individual to help you evaluate a perspective property? 

I am a restaurant franchisee w/ 28 units and I've started buying up the real estate. I'm currently looking at adding a restaurant to the portfolio, which includes the real estate. It's a main street property with the ...

It sounds like you need to evaluate your property and narrow down what it would be best suited for.

Our plan in the near term would be to use the cash-flow to buy additional properties every 1-2 years, increasing cash-flow so that we can live off that income after 10-15 years.Given our modest goal of $10K/month, I am leaning towards Option 2 which is to use cash to buy properties and in a few years re-evaluate financing.Here is one of the new construction duplex properties I am vetting right now:Purchase price: $360K for a duplex.Expected rents: $3300 monthlyInsurance + taxes: $500Vacancy, Maintenance + Capex, Property Management (25%): $800Net cashflow: ~2K/month (CoC ~7%)

Revitalizing listings every 2-3 years for peak performance is also a capital cost to consider during evaluation.

What are the criteria bank use to evaluate proposals?

I am hoping to get into MTR soon and my main concern is self-managing from afar and how to evaluate your property in-between tenants.

But, it's critical to evaluate the state of the local market, your capacity for managing several properties, and the possibility for cash flow.If you see great potential for long-term appreciation and are okay with the higher property price, option 2 can be a good course of action.