By using our agent and PMC as a resource we delivered a product that stands at the top of the market in the area, thus helping us secure our target rents and attract the best tenants for that area.2) Leveraging the Comps -> Using the comps report our agent sent us as a reference for the appraisal.

They're more "attractive" to the borrower but any seasoned REI isn't going to use most of these products so they're narrowing their pool of borrowers down to the less experienced REIs which puts even more risk on the lender.

Some of the ladies were crying a little ...

So knowing who your most likely tenant is and potentially what types of finishes they are drawn to, if not similar to your own, can help attract a better tenant.

Pittsburgh was the highest appreciating market this year with 22% growth and has been attracting investors from all over the world!

The style is not on the current trends and attractive for a home that's priced 3-4x the average home in the area (nothing high end about it). 

@William Coet it’s a different business model altogether.I love highly desirable areas that attract highly skilled high income college educated workforces.They tend to be more liberal and therefore the landlord tenant laws.The percent of their income that goes to rent is typically much less than 20% so a rental increase of 5-10% is nothing to them.They are typically lower cap rate areas and therefore every dollar of net operating income that is earned is explosive to the underlying asset value.

@Scott Leech and that lady in the other thread about DTI @Marjorie Patton.As soon as they don't hear what they want to hear, they tune their ears out and get defensive.

Price your home $50 - $100 cheaper than all the competition, and you'll attract lookers.

Perhaps not a trend to consider across the city but any neighborhood that would attract college educated young professional families seems to be a good bet if you wanted to focus on this asset type.I plan to build 12 townhomes as a second phase of a condo/townhome project in a good area of Mount Airy near the Chestnut Hill boarder and even though I’m likely to years away from being ready to begin phase 2, my current plans are to keep the 12 homes as rentals for the precise reasons I outlined above.