@Avery CarlHow do STR in the area perform during a recession? 

Im in houston texas and would like to know what performance metrics should I seek in a 1 to 4 unit home to ensure Ill get approved for another loan year after year?

Prior to, we used a PM firm but wanted better performance. 

Are you buying something with potential to improve performance or something stabilized?

I find distressed properties with good bones, rehab them for top rents.My challenge is the valuation of the property is still performed as a small mf (1-4 units) so the neighborhood Comps dictate valuation more than my improvements or the rent rate.I started to wonder how valuation was done for a portfolio of properties.  

I just know he can’t grt the loan alone or at least he wasn’t able to 3 years ago and thinks he still can’t.He’s adamant about no roommates but I was wondering if he could do it temporarily to boost income but it seems like it’s far longer than he’s willing.

If your second property fails and you had to foreclose, it could impact the performance of the first property, as well.I recommend leaving at least 30% equity in your properties.

While the work can be done by someone with little experience, it should really be done by a professional for best performance.

I performed a separate analysis using the VA loan, but I would still be in the negative (i took out the repair costs as I would not be able to do repairs).V/R, 

I know this is a vague question with some assumptions (specifically about the underwriting requirements of the loan), but I want to confirm that my logic is correct and if anyone has performed a similar strategy.