You need to do the research too if your area would be bringing in more money as an STR, some areas would do better as a long term rental as well. 

Going over maps of known repairs with contractors showed that there were a few houses where people tried to have piers installed and ran out of money before hitting stable soil, others in the hyper local area did have to go to 100+ ft.  

I wish them well. 

So, the common person may ask - well how is me funding the rehab myself any more risky for the lender/why would they want to limit leverage?

best of luck. i would network in that area and go to as many meetups you can and learn the area well

Quote from @Jaycee Greene: Quote from @Dave Bobka: That's right, been eyeing all of those as well was Fort Wayne, INWhat about something like this in FTW: https://www.realtor.com/realestateandhomes-detail/3207-Clint...?

It can work really well or really bad. 

Well if you ran realistic conservative numbers for maintenance, capex, vacancy rates, rental income, etc then you don't really need cash flow do you?

They are bought/sold at the same time as well. 

My thoughts as well.