if they think every property on Zillow is a 'deal' then something is wrong.you got great advice and a ton of time invested in responses from @Bill B.as he pointed out - there's basically no cash flow in long term rentals now. anywhere. not even in those supposed ATM mid-west markets. 

Hey @Keagan Scott, so I don't have any insight into Gary, IN but here is a blurb -"Those looking to rent out their properties for less than 30 days (about 4 and a half weeks) will have to get a permit, pay a one-time $150 fee, and have a city business license.

He is providing education and a particular business model.

Hi so we have one primary residence with about 400k equity and a rental property what about 300K equity.

Knowing your current state comps is a great place to start and a real estate agent can help pull those figures quickly. 

I think the main thing people would point to as a red flag for Ocala is that it is not a large employment center like Orlando, Tampa, and Jacksonville and as a result may be more exposed to a pull back in values when there is a downturn. 

A trusted real estate agent and a lender can guide you through the process, explain the help that’s out there, and connect you with resources to make buying a home a reality.Bottom LineIf you’re ready to stop wondering if buying a home is possible and start exploring solutions, connect with an expert agent and trusted lender.

Nope......i heard of it on a podcast though.i actually have studied banking and economics for the last year and a half.

Documentation Needed – Lenders typically require lease agreements, property income statements, and a minimum DSCR (usually 1.1–1.25).

It's not happening.Now, the example above is obviously just a vanilla purchase with 20-25% down and a very light or no rehab.