I've been running some analysis and on most of the deals available (it's still a hot market down here regardless of C 19) and the rental values are usually $200-$400 lower than the mortgage cost with FHA 3.5%- conventional 5% loans.

@Alan C I appreciate this, thank you so much.

If you have researched this market or have purchased in it, can you provide a list of neighborhoods you recommend looking at and also let us know "C" or "D" neighborhoods you would recommend against.

Specifically SFR's in C to B , Blue-collar neighborhoods that are more than 1000 sq. ft and 2+ bedrooms with rent under 1,700 .

Full time educator that runs her other real estate school- Brokerage has own app where we store training videos and guest speakers from our events- Mentoring program for new agents to shadow experienced agent- Brokerage creates template personal site for me- 2 education classes/month via Zoom- 1 Sales meeting/month for education & motivation- 1 meeting/month on technology use, a staff member that deals with IT needs- 70/30 Split- $355 Annual Office desk due- 2% Transaction fee- No lead production, produce own leads, repeat & referral- 223 current & pending listings- Have had new agents close 20 homes in first year and other only 6 homes; variesBrokerage C:- This is Keller Williams, so probably pretty standard and y'all are familiar with them, I'm sure- Within my region: Own 12% of all inventory; 600 to 900 active listings and closed just under 3,500 homes last yearBrokerage D:- 21 agents in local office- Momentum Program for training- 95% commission paid on a transaction, fees included but you choose how much you want to spend (private office/shared office/WFH office,- Brokerage does not provide leads but can obtain leads from sister brokerage, no cost- Currently 82 listings, 50 active, states it is currently a seller's market- Goal is to sell at least $2,000,000 per year- Average sale price for last 90 days (8 properties) is $260,400Brokerage E:- Training videos available- Weekly sales meetings- Ninja sales training 2-3/month with Q/A's- Offer a one-on-one mentorship program for new agents- Mentor and I would split commission 50/50 first couple of transactions or when I'm ready to go solo- Lesser degree mentorship for 75/25 commission- $46.50/month Brokerage fees Plus $25/month on E's&O's- Own website on brokerage webpage for $10/month- 70/30 Commission split; 95/5 for sale milestones- Once you pass $5M in sales, you're still on 70/30 split until you pay out brokerage $20,000, which in turn split becomes 95/5- 3% broker fee each transaction with $3,000 cap- Can provide leads by signing and paying up for different things (ICC/OPCity/Buyside)- 255 active listingsBrokerage F:- Extensive 6 week onboarding process for training- No monthly fees; biz cards/signs/lockboxes/marketing all paid for- Provides leads- 2 CRMs that hold database of your clients- Usually 100 listings at any given time, lower now because of Covid- Minimal standard to remain with company is 24/year.

Multi units prefer 2+ bedroom units, 1,000+ square feet each unit, side by side is ideal if possible, want at least electric and gas separate, any area can work for these as long as it isn't a D area, but usually B-C class works best since buying these primarily for cash flow.

You could also just use the money on a deal by deal basis if you are doing A to B to C wholesaling, so as you find a deal to wholesale the lender steps in and loans the money to get you to closing on the A to B transaction, and bridges you to the C sale.

As compensation, I offered a 10% rent reduction to the tenant for 6 months and to buy a suitable portable A/C unit for her to use in the unit should she not want to use the central A/C. 

Looking at a property without a c of O.

Is this a A B C or D neighborhood?