It feels like the same city and is so close to the hot areas of the Highlands neighborhood and the Berkeley neighborhood.)

I am in the same boat and completely agree with you in that the rental market does seem to be changing quite a bit in recent times- much more difficult to get good qualified tenants these days and decent tenants seem to have their pick of the litter - often very flaky and uncommitted because there is so much supply out there.Rent price is definitely a key issue but what's the more likely outcome of a significant drop in rent price below market?

Yes, this exists and credit/liquidity requirements are not onerous.Many satisfied customers over the years and now open in select metro areas in 10 states: TX, NM, AR, MO, IN, OH, NC, GA, TN, ALWe are happy to assist with questions or inquiries.Implicit in this response is the assumption that the deal is so, SO good, that you can buy it SO LOW, that with 100% financing at acquisition AND rehab, you still come in at 75% to the ARV. 

@Russell BrazilThis is so sad to see.

Rent comp data is not as easy for the appraisers to capture as sales comp data is so they often make errors on this.When I run into this issue with my clients I ask them to send me 3-4 rent comps in the area to dispute.  

We'\ve been investing from out of state in Memphis for over 11 years now with good results.There is so much to talk about with who, what, where, how to do in an email.   

I have MLO and am registered but Not currently active but I keep up on CE each year so I can activate if I need to.. the main issue for me as an independent is the NMLS mortgage call report is so darn time consuming and intrusive..

And the geodome, glamping, any structure without a fixed foundation is SO much more difficult than the youtubers make it seem.

That's why walking through the units and meeting the tenants is so important to us.

Yes, primary reason for needing it to be legal is so I can get most or all of my money back out with a refi.