Nieto1- no2- most of Southern California, and east coast major financial / political cities - NYC, Boston, DCThese markets have always been good as they have high incomes and are desirable places to live.

(Please note: if you are changing windows, siding, porch posts, porch structure, and any other major exterior changes ...get ready to paid more money $100.00 and meet the UDC -Urban Design Commission in which they meet twice a month to review your exterior changes for an approval, non-approval or defer which means more waiting before you get to the finish line which is your building permit for your rehab6.

Unless you're making major money on this, I would think again.

Also, while the work to be done on the house is not major, I was hoping to have the house pay for it.If a lender will do a DSCR based on a Section 8 proforma, that would be great.

Quote from @Jonathan Dempsey: 10 Best Pocono HOAs for STRIntroduction to the PoconosThe Pocono market has long been a popular vacation rental market due to the area's many natural attractions and the region's proximity to major metros Philadelphia and New York City.

But I feel those that don’t learn other strategies will be left behind in this new market just like they were in the last major shift in the market. :-)

I often wonder if the remote location (20 minutes up the mountain) is a turnoff and travelers are starting to prefer motel-like accommodations that are close to the main highways.Houses in the middle of the woods with no view, houses that are non-cabin style like they belong in a normal major city suburb, no game room, no deck to take in the view, no hot tub, no area for a fire pit, no room for extra activities like corn hole or throwing the football, poor driveway, steep entrance, tons of stairs etc.

Rate is reasonable at first glance but yes rates are moving down and should continue to shop, get quoted, can be major changes day over day10% Down DSCR doesn't exist and has never existed to my knowledge so I wouldn't count on that15% down does exist and is rare, however as others have noted, usually it doesn't actually work since the restrictions, such as a high DSCR ratio or LTR only rent qualification (and high rate environment) never let the numbers work however as rates continue to fall we may finally be able to see some 85% LTV DSCR Deals actually pencil again!

Talk to inspectors, local contractors and start walking properties (ask a local investor if you can tag along if they have projects in the works )- you start getting a sense of how much renovation costs are, what are major safety issues and what's minor, what your offer price should be, and the ARV.I can't speak to the mentorship program since I'm not in it.

If the latter, both buyer and title company may have just created major problems for themselves.