(These averages represent state-level; individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs in Texas.Florida: The property must generate $2,343 ($5847 - $3,504) more cash annually to compensate for the higher operating costs in Florida.Overhead costs can have a large impact on cash flow.A Process For Selecting an Investment CityThere are too many potential cities to evaluate each one.

It depends from state to state and potentially the individual town as to if there is a limit to how much you can raise the rent.

Everything I've seen is townhouses that were built to be sold directly to consumers and when the units couldn't sell individually, the developers cut their losses and sold to out of town 1031 buyers looking for an easy button.

So I analyse each property individually, looking at major features like roof, heating, cooling, hot water, anything likely to break down really. 

House Hacking Strategies: Examine various house hacking techniques, such as renting out individual rooms or residing in one flat and renting out the others.

So without further adieu, here are the TOP areas to focus on after digesting all of the $'s and cents when committing to a mortgage lender or broker with what is likely one of (if not the) most significant investments individuals can make. 

Are the steps and documents the same as if of were a bank loaning to an individual?

On an individual property, cash flow is choppy like a bad one cylinder engine.

Here’s how it works:Refinancing Foreclosure and Bankruptcy:Our hedge fund partners can provide refinancing solutions specifically designed for individuals facing foreclosure or bankruptcy.

Make sure you've looked into all of the financing alternatives that are out there and that you know exactly how much each will cost.Especially if you intend to rent out individual rooms, create a comprehensive management strategy for the property.