As for DSCR loans, they do tend to close quickly, and most lenders will require proof of funds to close.

., assets that tend to produce income for more than a year) are expensed over a specified "useful life." 

Memphis has a pretty affordable housing market and tends to offer solid rental yields, which might align well with your goals.

Seems like you have learned certain concepts that work but tend to escape even the most experienced landlords.

In colder climates, for instance, winter months tend to be slower for real estate transactions, which can impact fix-and-flip timelines, rental demand, and even property values.However, not all markets are created equal when it comes to seasonality.

However, I’ve noticed that larger homes (3-4 bedrooms) tend to have difficulty renting as MTRs since most MTR tenants in our area are traveling healthcare professionals, typically renting solo or with one other person.

We were told we were nuts buying an 81 unit in EAST Clev, 8 years ago, well how wrong was EVERYONE.Good luck    

The more affordable price points with foreclosures the less the discount tends to be. 

Disclaimer: I'm probably biased because I've lived in Indianapolis for the last 5 years :)If you're set on BRRRR, I'd recommend higher-quality neighborhoods in suburbs of Indy like Zionsville, Carmel, Fishers, Noblesville -- they tend to attract higher-quality residents have less crime, and have less surprises than some of the 60-100 yr old homes inside the I-465 loop. 

Being from Chicago, I'd tend to agree with you @Craig Jones those areas of Wisconson and & Michigan are driveable from a lot of those metro areas you mentioned, but I think the toughest part of any northern short term rental is the seasonaility.