I also think of property locations and property conditions having different classifications. 

If you are going to start BRRRRing in Philly assemble a team of real estate professionals who can help you with market analysis, location, title and financing.

I currently operate a few STRs so have a good understanding of that aspect although they're all located in touristy locations.

However I mainly wanted to ask about getting housing leases from traveling nurses.I currently have a 5 bed 2 bath, 1920 sqft home in a great neighborhood located less than 1.5 miles from 2 large hospitals here outside of Richmond.

I am not sure what companies are quoting you, but you should shop more.Make sure to have the location of where is showing the cracks so you can get a more accurate repair estimation.I have some contractors that I can recommend.

Location shouldnt matter too much for the lender.

They do not write policies in Louisiana where all of my properties are located. 

They are asking me to call them… see message below:“We are very interested in your property and would like more information, particularly about the proximity of the amenities to the location.

CT is 1-2 hour drive from my location depending on the town and is manageable for one project.

If it's a deal that is in a very very desirable location and has tons of built in equity and appreciation, I would be totally good with negative cash flow for Y1 and Y2.