Now, using the simple 10% rule, this property should produce at least 4K/mon in rent, right?

Hi Joseph, I’m a Realtor in the area and these are three inspectors I use regularly.

That said, if you are not sure what lender and loan officer to turn to, call the local title companies and ask who they know that has closed these loans regularly.

https://www.wlky.com/article/n...Should increase property values. 

We have also found that adjusting our prices on a regular basis drives our units up in the algorithm.

What are some things that are different from a regular approval process?

It is a popular vacation spot for a long time and could produce good revenue for you. 

We knew the area and had an excuse to visit regularly.

The downside is (1) compared with residential, comps used in appraisals are nowhere near as accurate, so the income approach is heavily relied on, which can produce huge swing in “valuation” depending on cap rates, interest rates, revenue swings, expense costs.

Is there any rule of thumb for looking at a regular house rent and converting to a duplex rent for comps?