NOI, and thus cap rate, feeds into how much of a down payment is required b/c it feeds into the "sizing" of the loan.Many asset classes, like apartments and offices, have less than ideal in place cap rates today, so you need 35% or 50% down to buy them (unlike a DTI-based home loan, your personal W2 income cannot be used to significantly offset).

Bottom line- In any location, there's always a degree of financial risk to consider, but Winston-Salem stands out as an affordable and welcoming city for investors, making it an ideal starting point for those venturing into out-of-state investments.

Ideally I would want it to be within an hour of downtown Salt Lake and open to both long term and short term.

I want to ensure my taxes are solid, since I would like to be able to qualify for a traditional mortgage next year rather than continuing to work with hard money lenders due to the rather high interest rates I deal with(I still make it work, but of course more profit to be made with a conventional mortgage).Thank you!

A local contractor would be an ideal buyer and could likely complete the repairs far cheaper than the OOS OP.   

She supported me through school, and now that I'm stable in my career, I want to return the favor by helping her build a retirement nest egg.Her financial situation isn't ideal, with maybe only about $40K to her name and no significant assets.

Minnesota does offer more appreciation than other Midwest markets and has traditionally been a balanced market for cash flow and appreciation, which I think is ideal.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

Would be ideal to try and qualify for §121 exclusion - which allows you to exclude up to $250k of gain for selling your principal residence ($500k for MFJ).

Fitchburg is not the largest of markets but still remains an ideal location to invest in due to the amount of rent vs the price of properties.