@Jennifer LexonTo find a move-in ready property in Cleveland, Indiana, Kansas City, Memphis, and Pittsburgh, consider factors like affordable real estate prices, steady economic growth, strong rental markets, diverse neighborhoods, and diverse economies.

My second option is no Fixer-uppers and just buy good condition house for rental investment.

Hey Shai, we have an office in South Jersey and 4 rentals in the area, so we know the market for sure!

thanks James, in analyzing regional data, Louisville continues to show a strong local economy, with a decent trend in the growing rental market, lower median home prices and values, good reasons to make it appealing to us since we are looking to expand our portfolios, providing more affordability to enter into this market ... besides, good friends live in this city ... our visit will make it a business expense :)

Maybe adding the ADU's will give us more rental income and that's good enough.  

We will be doing a short term rental on the top unit (3bed/2bath) while living in the bottom unit (3bed/1bath).

I'm trying to decide between building an Accessory Dwelling Unit (ADU) on my existing property (secured permit) and investing in a rental property in a cheaper market.

credit score: 740+ ; LTV: 60% ; PPP=5-4-3-2-1 , Loan >=$300K for rental.

Yes you do…as you should for any rental.

Some coastal cities that were historically very welcoming to vacation rentals (like Rockaway Beach OR) have recently passed new CAP's or rules on STR permitting or vacation rental licenses.