For maximum flexibility when attracting short-term rental guests, always start your search with non-HOA neighborhoods.There are even some neighborhoods without HOAs that have 30-day minimum rentals, but I've weeded those out.This search includes homes priced up to $1,300,000, as most sellers are currently being flexible on price.https://www.flexmls.com/share/...Let me know when I can help.Melanie

Meanwhile, more people move here because of the attractive cost of living, Midwest lifestyle and stable climate.

While there is absolutely no rental track record, he estimates the potential (and the word potential is important here) rental income at a very attracted level based on comparisons with places like Hong Kong, Singapore or Dubai.

They also should be petitioning the housing agency for an increase each year, just as they do with tenants that do not hold a voucher.

Hey Bp Fam, Im looking into accepting the terms of this deal however, Im a little hesitant because  my initial request was to have at least 2 months of build out period without payment as the value I will be adding to the commercial  property will increase the properties value. 

Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.

How do you increase the loan amount from 320k to 382k? 

Usually my clients that invest in the north side always airBnB one of their units to increase cash flow as you can make way more doing that than LTR. 

DSCR loans are typically stabilized properties so doing anything other than collecting rent is not attractive to lenders for DSCR loans.

That is why I would stay away from a condo.I know someone that just had to sell their condo because the ever increasing HOA fees made it unprofitable on a property they had owns for years.