However to be honest, these are just rough estimates and you really don't know with any precision the capital expenditures that will accrue once you first take possession of the property. 

See then if you can formulate a more precise plan for building longterm wealth.

As an example, this is a chart of SFR sales volume by month over the past 5 years in Austin:Here's the raw data for the above chart:Here is the monthly median SFR sales price over the past 5 years:Here's the raw data:

New Mortgage Credit Scoring  (un-official chart) 840 - 800 Extremely Good 799 - 760 Excellent759 - 740 Very Good739 - 720 Good719 - 700 Above Average699 - 640 Average639 - 620 Below Average619 - 600 Poor599 - 550 Very Poor549 - 500 Very Bad499 - 350 BTR  (Born To Rent) or (Better To Rent) Online consumer FICO scores even though pulled through Equifax, Trans Union and Experian are NOT mortgage credit scores.Every product has a different scoring module.

The value is the precise reason I am looking out of state.Thanks.

IE NO property taxs for 10 years... now Portland is not Detroit by a long shot.. as the distressed real estate is not off the charts distressed as Detroitbut in my mind the city of Detroit to turn this stuff around will need to subsidize it big time.1.

What I don't like is the renter density and vacancy amount:Also the prices are insane:In my opinion, you are late to consider that strip unless you buy for speculative purposes (i.e. buy low sell high fast, flip, fix etc).Also Miami Dade is generally a high crime area, with good parts yes, but you need to know precisely "boots on the ground" what you are doing and where.Look to start with something that will cash flow and you are able to cover the vacancy from you other income IF it comes to that.

Acceptable forms of proof for your primary residence would be (sort of in order of weight it would carry, but not precise).1. 

But in our case and with this chart we created its not...

But, in my view it is the most robust and viable precisely because it forces us to think through what the cash flows might look in the future and why, and what our exit might look like, and why ?