But yes if real estate portfolio consist of 90 class D in Alaskaville somewhere then it doesn't really help except if appreciation and/or cashflows are managable and higher than operating cost. 

But tell them: "if you are not successful, just do more of what you already have been doing (what doesn't work), stay consistent and they eat that s&(t up!!

I could of really focused more on marketing and advertising to nurses and if you can contract with the employing agencies and offer them some consistency [location and perception and price biggest factor] and have them rent directy might yield some interesting results.

For the front end ratio I use: Gross Monthly Income >= 3 x RentFor the back end ratio I use:  Rent + Monthly Debt Payments <= 45% x Gross Monthly IncomeIn this way, debt is considered in a consistent way in determining if the applicant can afford the rental.

The homes in this specific area consist of older homes which on a surface level, seem good for a BRRRR strategy. 

If they ever squeak through our process, they are consistently riskier tenants in terms of default and damage. 

Would also be interested, still not 100% sure what a mastermind consists of but I think I get the general idea and it seems like a cool way to bounce ideas off a tighter knit group.

They consist of rentals, vehicles, & umbrella. 

But you gotta be on the ground.Great on paper and some years you might get 15% returns and next year -15% returns.Plus, there is no true value in such areas as homes sell for $1,000 and others to unsuspecting out of state buyers for $60,000 where the provider makes a $20,000+ margin.Then it goes vacant, vandalized and back to a $1,000 houseLooks for areas with a more consistent sales value where homeowners also live and not just investor owned.B class in my eyes is:1) Close to infrastructure like schools, hospitals, shopping mall, larger employer, etc...2) Mix of homeowners and investor owned (leaning toward more homeowners).3) Well kept yards and no boarded up homes.

Now is it going to be astronomical, no, but the cash on cash return has been consistently above 20%.