@Ray HageI agree as I would stay away from condos as between special assessments and increase of fees, what is the risk vs reward.Many of these buildings are run by people who are not property managers or have development experience and lack the knowledge to properly run the propertyAlso many don’t realize that on older buildings your initial estimate will be 30-50% less once the work starts, especially on older concrete buildings that are susceptible to deterioration due to the weather in these areas (especially the salt)

Things are going well so far but boy there are a lot little nuisance that we didn’t think aboutThank you for your help

Arlington/Alexandria followed by Rockville are the hottest areas currently.

Does anyone have any good advice or resources on how to determine an expected vacancy rate for short or medium-term rentals in any given area?

Are you kidding me, have you been to any of those areas?

The area I live in is super expensive so the dollar goes far less around here.

Hi Everyone, I am trying to understand if lenders for DSCR loans will take midterm rental rates into account or only long term rents of the area?

Hi @Steven Jaszcz - I'm in the downriver area, but work throughout southeast Michigan.

What only matters is what has sold within the last few months in that area will determine what my property would sell for.

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