The area is way to pricey for my budget so I do all my investing in midwest markets (Memphis and Detroit mostly).

So for the time being many lenders will probably look at market rates for a long term rental.I hope you find what you are looking for and it works cash flow wise.

. - Getting to keep all the rewards of appreciation over time be it in rents and/or market value. 

However, after receiving the survey results, I discovered that the house is located less than 1 foot over the sublot line (see attached image).Here are the options I’m considering:Rent the current house for market value (~$1,500–1,600/month) and convert the detached garage into an ADU to rent for ~$1,000/month.Relocate the house to split the lot, then sell the newly created lot (~$100,000) while renting out the existing house.Relocate the house to split the lot and build a new home on the second lot.Demolish the current house and garage, split the lot, and build two new homes.At this time, I am uncertain about the cost of relocating the house.Questions for the community:Has anyone faced a similar situation?

Our owners spent $0 in marketing.

Off Market Deal How did you finance this deal?

if i am going to be ~$600/month negative, it would need to be a market that has rent growth far greater than inflation.good luck 

About me, most of my assets are RE but in another market so I would be diversifying in that market.Potential for appreciation is very uncertain: prices have risen a lot locally lately and are as high as they have ever been, and it’s unlikely higher prices would be affordable by locals.

I'm in the process of purchasing a STR and am intrigued by the 3-2-1 buy down. 1st year of the loan would be 4.5%, 2nd year 5.5%, 3rd year 6.5%, 4th year standard market rate.

Find out the inventory of duplexes in your market.