When considering single-family homes (SFH) or small multifamily properties, it’s important to analyze rental demand, local property values, and rental rates to ensure you’re getting strong cash flow potential.

This is related to lending laws/regulations created by the Dodd-Frank Act in 2010.

Yes BofA is all over the country but if you go to your local branch it's pretty likely that loan officer and/or office wouldn't be licensed to operate in another state. 

We have about $400k in HY that we can deploy.Background, Skills, Resources & What I've Been DoingI've been practicing law for about 13 years now in the NY & NJ area.

.✅ Dynamic Pricing – Instead of fixed rates, we used pricing tools like [PriceLabs / Beyond Pricing / Wheelhouse] to adjust rates based on demand, local events, and seasonality.✅ Automated Messaging – We set up scheduled guest messages to improve communication, reduce cancellations, and enhance the guest experience.✅ Superhost Strategy – We focused on getting 5-star reviews by optimizing the guest experience, from check-in instructions to small welcome gifts.🎯 The result?

Great advice above- I'd invest in a consult with a local tenant/landlord attorney and have them modify the lease they use for your situation.

Once I get a solid foundation out here, I would like to scale my vision nationwide, since this is not just a local issue.

DSCR recently came popular in the loan brokerage and private credit space with the rise of STRs and MTRs.Your local bank lenders will have the best rates typically.  

My local community bank that I had a relationship established with helped me finance this deal.

As a first time and out of state investor, my top priorities for this first investment were (1) a property that would be quick to rent (as I didn’t have other properties to offset extended vacancy rates), and (2) a very strong local PM team that RTR had extensive success with.