However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.

Second main point: Avantstay has excellent systems to find guests who will treat property and neighborhood responsibly.

If you're only really working your local market, and mostly driving for dollars, and want essentially a 1 stop shop that can do most things pretty well, then Deal Machine should work for you. 

Lots of great FREE resources on The Short Term Shop social media and website as well!

Ideally I wanted to live in Lake View as that's my dream neighborhood, but I just didn't have the funds/income.

Consider me a friend in the charlotte market and let's grab coffee (there are many cute coffee shops here and I can tell you where to find the good texmex)

Certain neighborhoods do not allow STR so be sure to check the restrictions when looking.

You'll likely need to be in a C/C+ neighborhood to find the 1% rule, but you can still break even or sometimes get some slight cash flow in the B neighborhoods of Columbus.

My home insurance cost went up significantly and looking to shop-around.

Look for a location with low crime, then look for the neighborhoods with the best schools.