I’d love to hear about your goals and what you’re hoping to achieve here.

HUD targets average rents for an area, so just like average school grades, this typically translates to Class C property rents.In our Metro Detroit market, the MAJORITY of the claims about getting higher than market rents can be traced to a Class D Neighborhood/Property. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The second year we only spent $25,000, and achieved our original goals.  

One key he found was mixing a welcoming atmosphere with firm guidelines.. it typically falls under standard tenant landlord laws for eviction.. so you’ll want to double-check local regulations.You mentioned Furnished Finders and Padslipt.com.. from what I’ve heard, those can be great if you’re targeting traveling professionals or short term visitors.

Should be achievable with the LTC/LTV you are quoting.

For instance, targeting multifamily properties (2–4 units) is a great way to grow your portfolio.

I personally target Lauderdale, Limestone, Morgan, and Madison Counties.

It’s less than 15 minutes by car from two major universities (Towson & Morgan) and just a 7-minute walk from a shuttle that services both campuses.I plan to rent the property by the room, targeting mainly college students due to its proximity to the schools.

I think the answer to your question depends on the type of tenant you would be targeting.