i strongly disagree with this. 

Current ownership was not local, and didn't have a presence anymore.

With your $1,100 rent and the potential for an improved loan structure, it's worth reaching out to DSCR lenders who are flexible on reserves and leverage.Key Points:Highlight your strong FICO score and existing equity.If your DSCR ratio falls short, some lenders allow exceptions for high-FICO borrowers.

But, they will be in challenging parts of town where realistically you do not want to own property and your long-run returns will under-perform.I'd encourage you to find a balance of sub-market growth, nearby employment, strong income, and only then a good rent-to-value ratio. 

If a person has to ask, at all, I STRONGLY advise to use a PM service for tenant placement. 

Sharon, thanks for sharing these stats—Houston is clearly holding strong!

@Josh LansberryIt’s exciting that you’re ready to take action in the Raleigh/Research Triangle market, an area with strong growth potential.

Quote from @Keegan Felix: This is all very new to me, but I started listening to the BP podcast about a month ago and realized I have a strong interest in real estate investing.

Miami has strong demand for short-term rentals, but make sure to check HOA rules and city regulations since some areas have restrictions.

Build a strong team of local agents, property managers, and contractors, and reinvest profits to grow your portfolio.