It really helps to see how Redwood properties stack up in terms of returns versus popular metro areas (from what I’ve heard).What would you do first if you were to break down the property’s biggest potential value-add?

This is a revision of my popular post from 3 years ago.

The Midwest is probably your best bet for a number of reasons.

If you research recent sales you can always provide the appraiser a list of those sales.One of the best ways to insure a higher value is to update the property using materials and fixtures that are popular and common in the area.

This metric became popular post GFC, when properties with a 1% rent to value ratio were fairly easy to find.  

If your goal is less required documentation, DSCR is likely your best bet as most everyone as mentioned, possibly a bank statement program depending on your job structure. 

BRRRR was easy to win at when all the books were written and when it became popular.

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

The framing lumber popularly used is pathetic.

STRs in Non-Traditional MarketsShort-term rentals in areas near universities or event venues are gaining popularity.