BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

The program is designed to assist low-income families, and these benchmarks might exclude a lot of qualified people.That said, the requirement for stable rental and work history is reasonable, but you might consider relaxing the credit score or income requirements since Section 8 guarantees a portion of the rent.

I've never really done a deep dive in analyzing the area because it is a retirement community, median income is very low, and there arent a lot of jobs in the area.

@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

Hi Fernando....I'm a broker looking for a company that does DSCR loans with no or very little seasoning to allow for the value instead of the Purchase Price.

The city also benefits from a relatively low cost of living compared to other major cities, attracting both renters and investors.

You can still achieve it, but finding deals that actually pencil out on all criteria (low enough purchase price, low enough renovation cost, cash flows on the backend, all cash out at refinance) is pretty hard.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Low cost + high rent/value ratio.My market of Middle TN doesn't have any livable property for that price and the 1% rule isn't very realistic. 

Trust me they are ******** 5 they say they provide maid service well add this up cause i know they def dont pay the maids this 7 tennants times 89.00  yes not kidding they also demand that you either replace the air filters for the house lolololol. 7 tenants times 20 for filter no joke 140.00 for 2 air filters so how much do they cost at Lowe’s or Home Depot hmmmm for one less than 10.00 they demand you send a pic to them of you changing them if not they send the property manager of 500 names they call her runner,maintenance person ,lock changer , key holder, put up sign person 5 min later on floor, for any of those services  well thats a charge of 65.00.