Additionally, you might want to consider working closely with your local Public Housing Authority (PHA) to screen applicants more thoroughly or negotiate higher payment standards for better tenant placements.PS: Something that may help you: Baltimore recently passed the Tenant Opportunity to Purchase Act (TOPA), which aims to strengthen renters' rights and provide better engagement between landlords and tenants.

NJ is very tenant friendly so keeping up with state & municipal requirements are very important, thoroughly screen your tenants, and I always recommend keeping a paper trail of everything.

Joshua, awesome and thorough analysis!

Quote from @Nicholas Jacob Nowosielski: Hi all, Can anyone recommend a good, and thorough inspector that can walk a few properties for me and make a list of things that need to be done before I call out the section 8 inspector to come out? 

I’ve learned that the more thorough you are upfront, the fewer headaches down the road. 

You have such a thorough grasp of that.  

Rental comps vs mortgage not quite giving positive cash flow with high rates.I also have areas like memphis, columbus, oklahoma in mind but haven't done thorough research on these so far.Can anyone advice what other areas (or best from the above list) to look for within my budget and goal in mind.Appreciate any pointers and happy to connect with local agents/investors.

Most cases it would take more time to review these than actually doing it ourselves especially if we are being thorough.

Make sure to inspect all the major systems thoroughly (HVAC, plumbing, foundations, roof, electrical) and make sure you know what they look like today.

We built BNB Calc because our team is STR investors ourselves, and the tools out there lacked these other features needed for thorough due diligence.