Isn't this happening in many markets thought?

Nonetheless, you can base the DSCR calculation on PadSplit rent (if there's a history of PadSplit income being produced) or short-mid-term market rent (an analysis done at the same time of appraisal).

Now, of course, every market is different.

Tacoma is a fantastic market with a lot of opportunity, so you’re starting in the right place.Here’s how you can connect with local experts and start building your skills:Attend local meetups and networking events.

They are on the market longer and are not going at asking prices but some people are still being very aggressive with their asking prices so it really isn't a great indicator.

Any advice on starting out on this in the Houston or Katy market?  

Do you have a preferred type of property and price range you're looking for in general (knowing the costs can be different based on they market)?

Study the market.

I don't know the Baltimore market but have a friend who is a very savvy investor there and maybe he would do some coaching to help you understand which way is up.

If you want to get into MTR or STR I have better markets to recommend.