Alternatively the other side of the city (Pikesville, Towson outskirts) still decent rentals but they are farther from employment centers.

Maybe find a vacation rental that can have personal value for me and my family as well.But more so the attraction to selling would be to pay off higher interest debt (and thereby replace some of that warehouse income).

Its no surprise that also took them a week to go and turn it off.I had 2 perspective tenants waiting for over a month with their national background check only to find out there were alternatives we could use to get a report in minutes but they refused to not use that company.Finally I get a tenant after 3 months on the market who is someone who was fully approved by the rent amount was 200 dollars less than market value a month so I agreed because it was just before winter when its harder to get someone in.

This region offers attractive home prices in the $100K–$200K range, combined with rental yields that often exceed the 1% rule.

This is where you can significantly increase the value of the property by making improvements that attract quality tenants and justify a higher rental price.

The alternative to that is going to the Cape, Western MA, as well as adjacent states with coastal/lakeside properties where many of us New Englanders vacation. 

Alternatively, construction loans can provide staged funding for significant renovations but require more documentation.If you’re holding the property long-term, consider refinancing into a DSCR loan after renovations.

Comments are disabled, yeah I know they mostly attract trolls, but maybe they would include some amens?

Investors here consistently see properties that have cash flow from day one, and the barrier to entry is much lower than in California.From a tax and landlord standpoint, Tennessee is also attractive.

Even if the listing price is attractive, a higher flood insurance premium can make the property less affordable compared to a home outside the flood zone.