More important is the equityMany people will overpay to get a home on seller financing then realize they overpaid and cannot refinance because a lender may want 20% equity which could be a tough hurdle to overcome in the future if prices stay stagnant and you have a balloon in say 5 years.

Look for areas with job growth, population growth, and infrastructure development that can drive demand for real estate.Networking and Education: Connect with local real estate investors, agents, lenders, and other professionals to gain insights, knowledge, and potential investment opportunities.

Expenses are going to vary based on the unit size and configuration, how many people are staying there and what their usage of the property is.

I understand LP is preferred over LLC due to avoiding double taxation, but if I plan to stay in the US and keep the money in the US, do I still form a LP?

DSCR loans for 1-4 Units have been in the low 5s-high 4% when rates were very low overall. back a few years agoThey tend to lag behind conventional mortgages, but have stayed stable these lasts few months.

I would suggest you could consider the cost to turn the unit (time and money).I have had this situation before and the tenants have always stayed longer because it simply takes longer to have their house restored or the like. 

Not to my knowledge.

Is this shift here to stay, or is it a window of opportunity? 

I am happy to share my knowledge with you.

Hi Logan,To give a bit more background...Right now I'm trying to stay away from student rentals, though being in Mt Pleasant and Big Rapids that might be hard to do.