I'm analyzing a mountain/lake town about 4-6 hours out from 3-4 fast growing cities.

Purchase price max 120k$Looking to purchase in the next 6-12 monthsTIA Cleveland and Akron, very similar cities.

Michigan and any other reasonable Midwest city.

For an OOS investor, I would recommend looking at Kansas City as one of my CFO clients also manages 100+ doors for OOS investors and knows the market very well.

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

I'll also second comps are your biggest tool to get the most accurate revenue number.

Cities and states have enforced this policy for well over 50 years and it always stood up in court.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Hi Lina -- I'm based in Dallas but wouldn't know the laws for the city and county of Kyle, Texas.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!