Mastering this phase will help you acquire abilities for identifying the legal characteristics of each property.

I will take less profit in a hotter area that sells faster than gambling on a small town/slow area with "potential" for higher profits.  

I try and look for property's with the same characteristics as my subject home by trying to look for property's with the same bedroom and bathroom count but I feel like it's hard to find good comps or enough comps to actually get a good evaluation If anyone does anything different I would love to hear your feed back. 

I don’t know the person, but I would think you could afford to gamble $525.

ADUs can change the characteristics of a neighborhood, and to what extent is TBD.

Better to accept today's rates over waiting and gambling on lower rates in 2023. 

Short term rental is always a larger gamble with more headaches than a long term rental.

However, we were basically gambling on every transaction at this point in our career.

@Courtney Olson - you listed a lot of different areas of North Alabama that all have different characteristics, so I'll throw in my two cents here on them.Huntsville - it is tough to find deals right now that work.

This is still a very tricky area for lenders as there are not many "industry-standard" tried and true rules - many DSCR Lenders and buyers of these loans are still wary of the SRO model - that being said, it is a lot easier and more flexible to underwrite on an acquisition if you are buying and the property could be utilized as a LTR / MTR or STR as that allows for a more tailored projection (as long as the property doesn't have unique or altered characteristics that would require it to be a SRO / MTR)