DSCR: your income, employment history and DTI will not be considered, so the paperwork is lighter compared to the other 2 options.

Think of commercial vs residential as driving a prius compared to a mack truck. 

Many of the property managers talk to each other and compare notes and share marketing ideas and 'run comps' on each other.The other option would be the 'enemy method' to search for similar size home within your community and others close by with similar amenities and scour their calendars. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

I have attributed this to 1 BR being more comparable to hotel/motel (direct competition).  

And also don’t compare yourself to what others are doing because everyone’s situation is different.

I'd be interested to take a look and see how it compares with the activity and discussions around gentrification in the Tampa Bay area.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

This forum so far has helped me very much in learning.Thanks in advance  As others mentioned, its similar process of getting a bank loan, you usually can close faster though and certain factors may have more weight (for example personal net worth and potential value compared to credit are a better factor).

We’re seeing a big shift on MLS-listed properties now compared to the peak a few years ago: much higher DOM for certain properties, much higher inventory in certain market segments, more price adjustments etc. lot of deals on the MLS these days because buyers aren’t active at all, while some sellers still think it’s 2022, they’re getting greedy and listing way too high then  don’t adjust quickly enough when they have zero showings or offers, and let the listing get stale, then eventually cave when all they’ve got in hand is a blood-sucking offer from someone like us ;).