Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

It is heavily saturated with short-term rentals as it's a vacation town, but I would still recommend it. 

These steps are important but the wholesaling space really focuses on this heavily. 

I will say that Peoria is not a market for house appreciation so you need to male sure you get a good price....I would say at a minimum 15% less than asking as the market here swings +/-15% in the ten years we have been here.The good thing rent has been very stable and I would like to say that we are a very diverce town in blue/white colar mix.The cons, there still only two major employers and anything affecting them will impact the rent market heavily.

States heavily regulate real estate agents in order to protect the public from unscrupulous operators who would steal their equity or otherwise defraud them. 

@Toan Le the benefit to this is you won't be taxed heavily on the deal, because you are deferring your profits through monthly payments.

At the moment, South Central LA is on the top of my list, and I've been heavily researching some potential properties in that area.

My guess is that just like with STRs the city will eventually crack down, over regulate and heavily tax them just like they've done with STRs.

And the attorney fees will be insane for essentially what looks like just filling out minimal paperwork.The best solution going forward is to screen your tenants heavily and hold a security deposit to minimize the costs of an eviction.

We invest heavily in Bay View and found it would be a beneficial deal.