Refinancing a home in Florida will typically cost 2x-4x more in fees than a property in Indiana.  

The brokers I have seen for this type of deal typically take around 1% (not 3%).

Typical problem properties that are difficult to sort but once it is sorted usually with good upside potential.

I'm marketing via SMS,  google ads, a few post card mailings a year and typically have zero (big 0 zero) warm leads. 

However, most investor that are investing OOS or OOC are typically investing in Columbus because of all of the positive growth in the market.

Note that with a purchase or refinance, there are always going to be closing costs (typically higher on a cash-out refinance) and this restarts your amortization schedule. 

These are true STR expenses listed, not the typical “oh, you just have to pay for your mortgage and utilities” logic some “gurus” teach.

Our units are typically much nicer and more recently renovated than other units in my market.

I like connecting with lenders local to the areas because they typically have a larger network in the market and sometimes they're able to process the deal faster as well. 

@Armando Carrera research and develop your own typical tenant qualifications so you don’t accidentally violate fair housing, landlord/tenant or local laws on occupancy limits based on bedroom quantity/size required for kids, number of unrelated persons in one house, etc.