They also want to see that there will be a thriving rental market to support the property and that it is in an area with growth in case you need to sell the property.Providing a location for your property will help us understand the issue better.

I live in my PR located in IL, but bought a home in FL with my daughter which she is house hacking.

Focus on locations with growing populations like the outskirts of Atlanta, Charlotte, or Greenville, SC—these areas have strong rental markets and good business potential.

It's a different kind of program where we don't even consider the DSCR on the property, we mainly just look at the borrower's credit, their investment experience, and the property itself (where it's located, value, use, etc).

Thanks so much in advance.Asking price: $1,035,000Offered: $995,000Space: 3,920 sq ft $18.53 rent per sq ft = $72,672 CAP rate: 7.3%Lease Type: NNN in Condo building Existing tenant: Dermatologist with other 3 locations in the same city since 2008.

Where is the property located?

The one thing you can't change about a property is the location.

You're absolutely right—the location plays a significant role in determining the best style for a fence.

One block can perform very well, and another block will destroy you.Before you invest, I recommend you locate a quality PM that can help you narrow down markets, determine which rentals perform best, cross-check sales prices and rent rates, and take over management right away.The biggest mistake you could make is to get talked into buying in the wrong neighborhood and then learning that the good managers won't touch it. 

Location is key when it comes to STRs.