@Nate Watkins the cap rate for this area is around 9%-10% it's a C class area with rents climbing through the roof.

We are climbing roofs, poking the walls, peering around corners, twisting knobs, crawling through attics and crawlspaces and taking an epic amount of pictures.

You can also put some more money down on the deal, or put a lien on something else you own and have them release it once the DSCR climbs above 1.2.If the deal is great, find a way.  

: Why Home Values and Other Real Estate Investments Will Climb Through The End of The Decade—And How to Profit From ThemLereah, David (2006).

As you can see, prices have been climbing for the past 15 years, regardless of the 2007-2008 recession.

The way I see it....The more people who realize that Rochester is a great market to invest the more demand will continue to climb.

Hello Douglas,Couple of quick things about Seattle that are probably good for you to know going into this.If you are looking to buy a house, especially in one of the higher-end neighborhoods, then prices will probably quickly climb into the $500K-$1M range and beyond.

Tub was cracked due to not being supported. 2) No access panel required by code for the pump, the pump was in the rear of the tub buried under the tub deck. 3) No thermostatic anti-scaled mixing valve required by code for the roman tub filler 4) No dedicated circuit for the pump required by the manufacturer, the electrical for the tub was piggy backed on the vanity lights 5) no GFCI protection on the tub as required by code  6) no grounding of the tub motor as required by code 7) ABS drain glued to PVC drain pipe with ABS glue 8) the tub valve connections  uried with no access were IPS threaded stainless steel flexible water lines instead of hard sweated copper connections, (lost count on all the shark bites they used, they must buy them in bulk) 9) all the tile was tiled directly on the plywood of the tub deck, no underlayment to prevent the tile from being popped and the grout cracking from moisture getting to the plywood...the list goes on and on.. oh and the tub filler valve was located on the back side of the tub, not a code violation but certainly not user friendly for somebody to have to climb basically into the tub or over it to turn the water on, but that's minor in the scope of all the code violations and poor workmanship, that's just poor design. 

People spend a lot of time w/details, planning and climbing the ladder and then find out later they are climbing up the wrong tree.  

Prices climbed extremely high a couple of years ago and everyone could see that it was a bubble.