South and South East is less expensive, but you're not going to get the appreciation and my impression is it's not as good a tenant base.

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

If it’s a good deal based on the comps, and in a good location, then I’d look into a conventional loan and maybe putting a little more down so that it cash flows.

Or, you could ask for a rate quote based on a range of credit scores and you can figure out what they'd charge you on your own.

They will base their DSCR calculation on the market rent 1007.

👋My name is Anthony, and I’m an investor based in East Hartford, Connecticut.

Based on my reading and understanding I'd like to form my LLC in Wyoming. 

Hi @Alex Lee I would avoid 203K loan and work with conventional renovation loan based on knowing you'll be forced to use 203k certified contractors which will cost more money and offer inflated pricing because they must follow 203k guidelines. 

Hi Chris, there are several options you could consider, but it would all be based on your risk tolerance. 

Willing to go the extra mile here based on the numbers.Thanks!!