If I did set out to invest in the local area, I would scrutinize the numbers like crazy and be extremely conservative with my estimates.

While the property is in a smaller town, it’s relatively close to a larger city, which I think adds a lot of potential for attracting both short-term guests and long-term tenants.The motel has fewer than 16 rooms, and the nightly rates are extremely competitive for the area.

It can be difficult to advise owners on what to do when each region has extremely different rules and regulations. 

And CA is extremely tenant friendly so it's not a great place for a rental. 

A combination of extremely tough long term tenant protections and the economics of short term renting being a lot more attractive. 

Me and my clients all use a low money down conventional mortgage (as low as 5% down) with NO PMI and extremely low closing costs. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

I am starting my real estate investing journey and looking at the Cleveland area for out of state properties and this is extremely helpful.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Vetting the tenants and following local laws is extremely important.If you don't own a primary residence, would you consider house hacking (buy a single family and rent out the rooms or a duplex and live in one side/rent the other?