I have a few questions about tenant screening.1) Do we screen all the applications simultaneously or screen one application after another based on first come, first served?

Also, on the back-end as a rental, how large is the rental base for tenants that make enough income to afford a $3,600 per month rent payment or higher? 

A quick Google search shows that Class C in Dallas gives a 5.75% cap rate.

@Danny N.I'm based in the Bay Area.

Good luck with your home search!

Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.

When calculating cap, and other deal analysis criteria, none of them talks about how to assess the property in terms of its appreciation based on structural quality such as brick exterior versus vinyl.

Here is a map I just ranked, based on some growth factors for Multifamily.I hope this helps when you start looking around!

I have studied several metrics tied to this for example the rebound of unemployment, population growth, crime rate etc. and there doesn't seem to be a playbook on timing of any of these factors unfortunately.I do agree with you that we are near the bottom, and based on recent data some may even believe that we have already bottomed...I have thoughts on that, but I will save that for another post. 

I'm wanting to connect with an asset protection specialist to ensure that I have legal entities etc. setup correctly and I'm covering all my bases.