MLS data - average days on market, median cash flow, median rent, median price per sq. foot

Meaning, the lender will usually determine the average tax % for the area after improvements have been made and they'll use this amount to determine your debt ratio as opposed to the original/artificially low taxes that are assessed on the raw land.     

It is an important thing to ask the originator you use. in general though, a DSCR loan will take into account your personal credit score and the rental income of the property covering the expenses.

His final determination (3rd choice) was Schedule E, although this is not what i expected and is not nearly as beneficial when it comes to writing off expenses towards my income / lowering AGI as schedule C.

Does anyone have an opinion on the best way to obtain your local market stats and trends (average: Price/sqft, sales price, rent to price etc.)?

Hey Fred, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Hah, more expensive than REI reply.

I would expect a mild renovation expense about 8k.

Assume $5k per unit and count the exterior as a unit, so a 4 family would be 5 units and assume $25k expense after closing.If you have any questions, let me know, I'd be happy to answer them for you.Good Luck,Derreck

TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off