Some people actually like wasting time driving to a bank in person; I hate it.

Examine past vacancy rates and take into account different rental kinds, such as apartments, single-family homes, and dorms, to determine this.

Salem Michigan near Ann Arbor, and I'm searching for 1 hour drive locations preferably and so far I only went out to that radius and avoiding Detroit at the moment.

Depending on the time of day, driving between points can vary wildly

A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.

<--This right here could be a point of negotiation to further drive down the price of the property.I hope this helps and good luck!

During the Due Diligence Period, the Buyer shall have the right to conduct, at its sole cost and expense, any and all inspections, examinations, appraisals, surveys, environmental assessments, and other evaluations deemed necessary or appropriate by the Buyer.Financing ContingencyThe Buyer's obligations under the PSA shall be contingent upon obtaining financing in an amount and on terms satisfactory to the Buyer, in the Buyer's sole discretion.

Quote from @Brendan Taylor: Best way to analyze areas is to make a trip and drive around the city.

Driving through complex.

You need to examine the state in question's revenue code.These are all good questions for discussion with your tax advisor.