You can find duplexes under $180K in C-class neighborhoods, in decent condition, that meet or exceed the 1% rule

Smaller STR pros should be able to cater your property to meet your goals.

Hope to see you at more real estate meet ups too!

The challenge we're facing is the lack of short term rental data for the appraiser, and we won't know if it will meet the debt service coverage ratio (DSCR) requirements until the appraisal is complete.Has anyone dealt with a similar situation?

I have said in so many REA Meetings... just get your license and wholesaling becomes legal.

You can find something in Durham and parts of Raleigh, specifically zips 27610, 27603, and parts of 27604 that would meet your criteria, however generally speaking most of the inventory that would fit what you are looking for in Raleigh or Durham would likely be in neighborhoods that I personally wouldn't want to invest in, C- to D type neighborhoods.

Couple good meet up's here in DSM.

Meet ups could be a good source too since you’re in a big market. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals.