Strict rent control policies mean that investors can't buy a dilapidated property, refurbish it, and drive rents up.

I can help a lot I do this in Columbus Ohio and Miami Florida but as a service for now not purchasing them. if you are going to do larger deals look for the largest gap in entitlements, density, and asset value as a land driver. for example we found a piece of land in Columbus Ohio that was 55k and we just got an appraisal for 1 million based on the rezoning application that we did for mixed use commercial.

If you do plan to flip in that price range you're going to need an intimate knowledge of the area, demand drivers, and how to remodel these older homes efficiently. 

For DSCR we only require LLC docs if in an LLC , drivers license, SS Card if available if not ss89 can be signed, we don't ask for any info on any other properties owned by the borrower, we dont source or require seasoning on funds.

Worst of the worst, deliver pizzas at night and weekends, or driver Uber or DoorDash. 

And then we will have autonomous systems to dirve - I think we have about 3 million long distance truck drivers.

@Edward Kim ah, so technically it has to be your "Primary Home"...so for those of us that serve, while we are stationed at a military base we still have our "home state" that is on our drivers license, etc.

I live in miami florida now and I moved for larger scale developments here because of the net migration but columbus ohio the economics allow for that. existing inventory has been tougher and at the pricing inc columbus you may as well build new because you can build new less than replacement costs in a lot of the markets downtown. it's about being in adjacent downtown neighborhoods where property values and rents are higher. land values are the biggest driver of how well you can buy land to develop followed by permitted uses or rezoning applications. 

Investors and operators should monitor employment trends and household formation as key demand drivers going forward.

Tenant(s) Government Issued ID: typically, this will be a driver’s license to prove the identity of the tenant(s).