If you do, 13 years from now, you will still be getting replies here about working with someone in that market.2.

Also the market and level income (5 miles surrounding the property) is critical and off course the NOI so:I am wondering how you guys evaluate a deal  before investing your money?

We all crave finding a deal, In today's market, that results with a lower interest rate than traditional lending.

8.5% is a bit high on the rate but that's our current market.

Hey all wondering if anyone has any specific method especially for a newbie for doorknocking to find off market leads.

Put the cash in your pocket and escape that market.

After about 3 weeks of researching STR strategies, a few lake markets in MO and AR, and taking a hard look at our current finances, I contacted a few agents in the area to get started.

There are programs available that will allow you to go up to 85% financing on an investment property transaction. 

I see no reason that I would expect poway or Mira mesa to out perform the general San Diego market.  

(b) Required Documentation (i) Limited or No History of Rental Income Where the Borrower does not have a history of Rental Income for the Property since the previous tax filing, including Property being vacated by the Borrower, the Mortgagee must obtain an appraisal evidencing market rent and that the Borrower has at least 25% equity in the Property.