- my current approach has been to use Rentometer, look at  Zillow for Studio apartments and 1bed apartments, as well as look at classifieds in Facebook market place of other people renting out private rooms, and try to estimate the rent across those listing2.

But only if you maintain the compliance to be classified as a trust.

In my area we have "Cody Area Classifieds" or "Powell Valley Exchange" and there are thousands of users on each.

While the prices seem great I am having a difficult time getting comps so what looks good in comparison to my market may not actually be good in Indy.How would you classify the following areas (still researching which hundred blocks to focus on):Fountain Square: Laurel St, Spruce St, Woodlawn Ave, Lexington Ave, Pleasant St, Linden, Prospect, Orange, in FS but near it Reid Pl, S State StBates-Hendricks: (400-600 block) Wright St, Terrace St, Cottage Ave, S East St, 1400 block S New JerseyBroad Ripple Village: (East 60th St to 67th) Burlington Ave, Evanston Ave, Crittenden Ave, Norwood Ave, Kingsley Dr, Ralston Ave, Primrose Ave, Rosslyn Ave, Indianola Ave, Haverford AveButler-Tarkington: Still researchingMedian-Kessler: Still researchingI am not opposed to low income cash flow properties in certain areas in 46218 Center NE.  

Please go to the Classifieds page https://www.biggerpockets.com/forums/517 to ask for contractor referrals.

If a company knows that you are a real estate company (using your NAICS or SIC code), they will shy away from that.

Go to SIC codes and find the code for buy and hold. 

If I were to rent it out, the cash flow would likely be negative.Here's my query: Is there a possibility to classify the interest paid towards this foreign property as an "investment income expense", thus enabling me to subtract this interest expense from my capital gains?

The banks are aware of my intentions to buy residential property and to rent them out so i'm not sure why they would be classifying it as a commercial loan. 

Is there any standard for how areas are classified i.e. does the NAR have a standard classification system that uses specific data points?