It rarely happens quickly, unless you have get lucky and have a couple appraisers who are  willing to stick their necks out to support a high valuation specifically based on condition. 

But who knows, maybe the Principal name has magical powers in your neck of the woods.

I'm based out of my hometown of Las Vegas, but spent a dozen years in NC before I moved back in 2012 & I know that there is plenty of opportunity in your neck of the woods.  

At least in my neck of the woods there's loads of interest in STR investing!

It works a lot of muscles that don't tend to be used, especially when doing the ceiling.

I'll keep it short for now, but happy and excited to be a part of this community and looking forward to meeting many of you in the forums or, if you're in my neck of the woods, in person. 

If you do decide to stay in your neck of the woods, consider creative financing like lease option or owner financing to give you more time to pay down your loan on your first property and come out with a better DTI ratio.

In my tenant-friendly neck of the woods, a year lease gives many more rights to the tenant and almost none to the landlord.  

One of the solutions is to outsource management and maintenance to a PM company for a percentage of collected rents (8-10% is norm in my neck of the woods).

Lot size for a rental property is largely irrelevant in my neck of the woods, so I can't say how important it is in northern Cali.