Norfolk is pretty loose on regulations, but fewer areas are desirable, and Virginia Beach has very specific locations that can be STR (Sandbridge and The Resort District).

For your strategy to work you have to focus on markets where there are strong indicators the C neighborhood can transition into a B neighborhood.

Your estimated first-year NOI is $29,040, but after loan payments, you're left with a negative cash flow of -$9,126 and a DSCR of 0.761, indicating the income doesn’t cover debt service.

Hi @Jaime Ramirez its tough to say without knowing more details but majority of the time price is the largest indicator of what is going on.

Ron, Thank you for the input. i like the car check thats something quick and easy to see as a indicator of how they maintain their lives/ belongings. 

It's also a fluid situation as banks are constantly being acquired or merging so paying close attention to which banks these loan officers move around to is generally a good indication of which banks are going to offer the most aggressive terms.

Brody:Hello from a fellow Michigander.Prior posts and your profile indicate you are new to RE investing. 

Is this isolated or an early indicator?  

Cable is more expensive upfront, but we have far fewer service calls with cable.  

This will result in inspection results that more accurately indicate property conditions and promote better living conditions for residents.