The missing element/data point here is the market rents in the area and how your units compare to the market.

Keep the comparable data just in case.

Hi Jim, if the property isn't being used as a STR currently, certain DSCR lenders can use data like AirDNA to qualify for financing.

If you are interested in more data about the area, enter the zip code (37208) into areavibes.com or city-data.com.

Nothing is 100% accurate, so you will have to review the data to ensure you are not wasting $ on dead ends (property just sold/on MLS, recently rented, etc).

I received wrong information from people in the Portugal RE industry before so I'm not super confident the person I talked to is correct I'm just trying to get more data points.In case it's useful for others these are some other bits of info I've learnedRefinancing is possible but it is more expensive than conventional (usually the spread is 1-2% higher) and it is necessary to explain to the bank what will be done with the money.It is not necessary to wait to own the property for a certain time to obtain mortgage credit.

- **Market Analysis**: Gather data on the local market, including comparable sales, average days on the market, and trends.

There are tons of threads on BP where some newbie investor came after HoltonWise and I go in there and explain my case using facts, data and evidence.

Now we have where data get's interesting, RESULT of the sale.

Coming from oil and gas and healthcare, we’re new to this industry but driven by the same values that guide us in life: family, hard work, and dedication.