This is somewhat more controversial to rely so heavily on numbers but for a newbie, it was way easier to have a black and white picture on whether a deal made sense or not for my criteria. 90% of the time, the numbers didn't look good but when it did, I had the confidence to know that there might be something here and that it was go-time to have my realtor visit the property and make a verbal offer....Be Confident: One of the biggest mental breakthroughs I had was when my mentor told me to just start making offers if the numbers and property looked good.

Seems as though the deal is very speculative and depends heavily on continued trends of appreciation and tenants willing to pay continuously fast increasing rates of rent over the next 5 years to cover improvements costs and dividend payouts to lenders.  

It heavily relies on the city and how they are with permits.

Son broke in after set off fireworks in unit, drank with friends, got arrested.

I'm not trying to bash anyone just saying that Donald has a responsibility to make sure what he is paying for is being completed the ways he wants it done.As is the case, I work 70 hours a week out of town, and I relied heavily on this vetted vendor from Lifestyles Unlimited.  

Also notably some of the lower volume cities will be far more susceptible to large influence by a singular outlier purchase, heavily influencing the numbers.1 - Quincy2 - Waltham3 - Belmont4 -Marlborough5 - Fall river6 - Attelboro7 -Taunton8 - Worcester9 -Webster10 -Lowell11 -Haverhill12 -Medford13 -New Bedford14 - Fitchburg15 - SouthbridgeConclusion:How does this compare to what your seeing?

Hawaii has cracked down heavily on short term rentals with their new law.

Credit RequirementsDSCR- 620 Minimum Credit ScoreConventional- 620 Minimum Credit ScoreDown Payment RequirementsDSCR **Under $1 Million Loan Amount- DSCR Ratio > = 1.0- 700+ Credit Score = 20% Down - 620-699 Credit Score = 25% Down- DSCR Ratio = .99 - .75        - 700+ Credit Score = 25% Down  - 660-699 Credit Score = 30% DownConventional - 620+ Credit Score = 20% DownIncome Requirements              DSCR        -  Does not look at Income whatsoeverConventional   - Debt-to-Income Ratio must be 45% and belowUsing Rental Income to QualifyDSCR- DSCR loans account heavily for the DSCR Ratio (= Projected Rent / Gross Monthly Mortgage Payment)            -We look for the ratio to be 1.0 + to receive the best rates and term (a.k.a we look for the monthly rent to completely cover the mortgage payment or more)             - If the DSCR ratio is between .75-.99 (a.k.a the rent does not fully cover the mortgage payment)- you are still eligible for DSCR but expect to receive a higher rate and worse terms compared to having a ratio 1.0+        - Example: Borrower’s monthly mortgage payment will be $2,000.

Hello everyone looking into buying my first investment property and heavily thinking into the mobile, al area.

Aside from the usual background checks I would rely heavily on the credit check.