Hello STR members!

You can also ask members in my FB group, there are 3.5K people running MTRs in my group! 

Well it will need to be life changing events like having kids, new job, divorce, taking care family members etc but the rule of thumb is to live there for at least one year then being able to rent it out and converting it into an investment property.

You can use Zillow or rent cast along with others to paint a picture of the area where you want to invest. 

I have dual citizenship and I can use a family members apartment to stay at in the meantime.

Hi Isadore,You've gotten some good advice from other members above.

I don't believe he is a member of this forum, but he does great, detailed, and well thought out work, and has been in the game a long time.  

A nice tip I got in a youtube video recently is once you've identified a market you wish to invest in, the first member of your so-called team should be other investors in the same market, especially those who are doing something the same or similar as you.

Before a tenant moves in, we send a team member to the property to inspect each room and take photos.

Sadly the underwriting seems to have been an oversight in the areas you had mentioned, of course sponsors will always cast the brightest light on every situation but we and they must remember we aren't paying for their education but expect the experts to lead the investors thru experience and wisdom.