We've seen our area MLS which covers about 20 counties come down to an average sold to list price ratio of 95.1% and Knox county specifically has come to 96.4 % which is lower by about 2% from this time last year and down from our peak this year of 98.5%. but it's about in line from winter 2022 into spring 2023 which was a time when rates were rapidly rising.

You need to be skeptical of track records that only cover the last 8 yrs.  

Just ensure that the projected rental income comfortably covers the new payments, including the HELOC.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Investment Info:

Single-family residence fix & flip investment in Martins Ferry.

Purchase price: $70,000

Cash invested: $20,000

Sale price: $135,000

2 Bedroom 1 Bath 900 sqft fix and flip hom...

It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!

As I got liability insurance, an umbrella over for $3 million to cover myself overall, I called my insurance agent.

I think your points cover my limited knowledge on this.   

It is a 1940s  2 bed/1bath that has been renovated by seller. 

Any other similar lodging...that pretty much covers STRs.Section 3 is pretty clear as well.