LTRs with long term conventional financing and standard management aren't really cash flowing anywhere right now. sure, there are lower cost markets that look better on paper, but there are costs associated with those supposedly cheap markets as well - deferred maintenance, more challenging tenant base, higher cost turnovers as a percentage of the rent.2. i wouldn't pick a random market thousands of miles away based solely on statistics or numbers. 

If I were in your position, I would look for a bank or credit union that will give you a line of credit against the rental property.

But again, I can't say for sure if New Jersey is wildly different on this than KC. 

Hello, 
I have a property i purchased for $165k with an ARV of $350k. After putting about $50k into the property,  I’m just about $25k from meeting my completion goal that includes stucco, drywall, and siding. What d...

To succeed with the BRRRR strategy, focus on buying properties at a discount, work with trusted contractors, and plan for refinancing timelines.

This may be because (1) until recently interest rates were trending lower so if the lender is getting a higher rate on subject note than he can obtain on new note there’s no monetary incentive to call the note (2) in the past technology did not exist to identify the property transfers (ten years ago county recording docs were not online) and (3) the lenders rather collect payments than own property.  

I would only consider Decatur for a cash flow play, not an appreciation play.  

Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

Because on average, we can only remember three things at a time.

Then after that, Fannie will lend on up to 10 for any one investor.