Our short-term residential investment property loans are typically 60-80% LTV and all are personally guaranteed by the borrower(s) -- we pull credit, background and PFS on each guarantor, verify experience, verify liquidity, underwrite the property, neighborhood and zip code.

It's a good time to review markets, but living in China there are a lot of other closer, international markets that could be options as well.

Any recommendations for free tools to do market research?

Maybe go to one in a tough neighborhood so you really get in the thick of things. 

At that percentage on that rent amount I suspect it is not all inclusive, but I do not know that market.  

how is rental market in that area these days? 

Question: assuming an ideal brrrr that has all investment extracted at the refinance, why would you choose a low cost market over a high cost market?

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

Kristian:Indy is a great market.  

One possibility is building a duplex in Peoria, while it's not the best rental market, getting a duplex at a possibly much cheaper price than market value is extremely appealing.