The Midwest markets have been attracting investors due to the low cost to entry and a lot of the markets being landlord friendly as well.

For all three clients the emphasis was on a second family vacation home with the ability to offset costs through STR.

The market in the area seems pretty competitive with some nice apartments costing around 2,000 for rent so I am considering renting it out for cheaper maybe 1.8/1.9 so it doesn’t sit too long on the market.

Do you think the cost of the build will work out as you expect?

Have you considered the added cost for this restriction?

Specifically, I'm thinking about getting properties which ideally satisfy the 2% rule or at least are significantly above the 1% rule (ratio of monthly rent to purchase price + renovation cost).Given these goals and the fact that my constraints, I have the following questions:a) Which markets are best to look at ?

Requires the tenant to pay the landlord's attorney's fees or costs that are incurred in any legal action or dispute arising under the rental agreement.This is the illegal provision that I see the most often when reviewing rental agreements.

If you are doing delayed financing the loan would be based on LTC (loan to cost) and you would be getting purchase rates.

Low electric costs and low epa costs.  

Low cost of living, strong job markets, and strong monthly rental growth in both these states have a lot to do with it too.