But, these broad market studies are so large, they are almost meaningless, in the real world.Between glut of new supply in many "hot" markets coming online, a continually softening economic outlook, inflation over last couple years making day to day items feel cost prohibitive, many average renters are strapped and seeking lower cost housing.  

Quote from @Edreco Amos: Quote from @Rob Drum: I’ve owned a condo and Tampa, and two houses down the west coast of Florida the last two years.

But with that one lender I found I am not lendable due to not having proof of income for the last two years.

Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

All of which, I’ve purchased within the last 4 years.

Given that I live in Nashville and am from Indianapolis I drive through Louisville every time I drive back and forth and for the last year or two have had my eye on it.

Contact the utility provider and get a historical average based on the last year of use.

Verifying last 2 years of rental history very important!

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

However, it may be 12 days before the order goes out (I think that is what it was on my last order).