You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

Other loans might be a little bit different.

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.

How long it takes to be financially ready is different for everyone.

Quote from @Sam Walls: Hey Marcus, I work with a lot of investors in the Philly suburbs, and I can tell you that connecting with like-minded people in the early stages of their journey can make a huge difference.

There are pros/cons to the bay area vs out of state and everyone's situation is different to reach their goals within their own timeline. 

I agree with @Kyle Mccaw, there are a lot of marketing factors like photos that can make a big difference. 

Still do your own math though....not that I wouldn't trust him, but every house and every neighborhood is completely different.