The location determines all the long-term income characteristics including:Whether rents will keep pace with inflationHow long your income stream will lastHow reliable your income stream will beHow much of your rental income is lost to overheadWhether you or the government control your property.You want to invest in the city which is best for long-term investment.

I would put together a nice spreadsheet with all the property characteristics (rents, purchase price, taxes, insurance) and present that to a few different lenders to see if that can do it, and what they would require.

You can obviously use the app or the various websites to confirm or check your work.To expect an app (as useful as some may be) to anticipate every nuance or unique characteristic associated with every property, terms of sale, condition of property etc. to generate an exact valuation can be a reach.

If you want to know more about tenant pools and their importance, please contact me.Only Renovate to Your Target Tenant PoolAssuming that you have identified your tenant pool, you need to transform their critical and desired housing characteristics into a physical property description, as illustrated below.Create your property description based on your target tenant pool segment.

Therefore both play a part in a nicely diversified RE portfolio with a strong mix of growth and income characteristics - just the way I like it.

If it's families that want a safe place then I'd be looking at either a theater style room or games.For the title, I'd emphasize the safety of the neighborhood and other characteristics - "trendy" "walkable" "5 mins to downtown"

Understanding the timeline and being patient is crucial for those who choose to work with Section 8 tenants. 3) Tenant Stability: It's worth noting that Section 8 tenants often stay in properties for an extended period.Your mention of the Baltimore market's unique characteristics, especially regarding the risk of squatters in vacant properties, is a valuable reminder.

Then, purchase similar properties.Allow your target tenant segment to define all property characteristics.

However, they often come with a set of considerations that potential buyers should be aware of:Knob and Tube Wiring:Pre-1940s homes may still have knob and tube wiring, an outdated electrical system that may require replacement for safety and compliance reasons.Plaster Walls:These homes typically feature plaster walls, which can be more time-consuming and costly to repair or update compared to drywall.Unique Architectural Features:Pre-1940s homes often boast unique architectural details, such as intricate moldings, hardwood floors, and ornate fixtures, adding to their character.Potential for Major Upgrades:Buyers of older homes should budget for potential major upgrades, such as HVAC systems, plumbing, and insulation, which may need modernization.Post-1950 Homes: Convenience and Modern AmenitiesHomes built after 1950 present a different set of characteristics that may appeal to a wide range of buyers:Drywall Construction:Post-1950 builds typically feature drywall construction, which can make renovations and updates more straightforward and cost-effective.Modern Electrical Systems:These homes are more likely to have updated electrical systems, eliminating the need for costly knob and tube wiring replacements.Efficient Insulation:Homes built after 1950 often have better insulation, contributing to energy efficiency and potentially lower utility bills.Updated Plumbing and HVAC:Buyers may find that post-1950 homes have updated plumbing and HVAC systems, reducing the need for major upgrades.Recommendation: Investing in Post-1950 HomesGiven the potential challenges and costs associated with renovating pre-1940s homes, our recommendation for the Columbus, Ohio market is to consider investing in properties built after 1950.

Google List Brokers and you should find several commercial List Brokers that can create a list with your desired characteristics.