While it may narrow down the market, I've had a steady supply of renters/guests since I do STR's.

(essentially turn key, pre foreclosure) 3bed/2 bad/ 1350 sq ftPurchase price $170,000Appraisal at $205,000Annual Expenses: $13,000/year (utl 3120, maint 1200, ins 2400,advert 1000, supply 100, lawn 1000, 6% tax 4180)Annual Mortgage: $9,056Expected Annual income @ $200/night, 60% vacancy: $43,200Annual Cash Flow: $20,937Cap rate: 17%We assumed high end of expenses list and low end of nightly rent, used vacancy from searching our property type and area on air bnb.

There are great opportunities for investors, like yourself, to take exposure passively in the low supply /high demand dichotomy screaming out aloud in Real Estate right now.How did it go?

I keep a new water heater in a box in one of my properties in case I need to replace one on a holiday or the plumbing supply place is out.Regular maintenance items are furnace filters, seasonal activations of basement/crawlspace heating, distributing salt buckets, and gutter cleaning. 

You pay all the utilities; you need a full unit of furniture and decor; you need plates, utensils, pots and pans, glasses and cups, coffee maker, toaster and basic cooking supplies; you need linens and towels, soaps and shampoo and conditioner and blow dryers and basic bathroom supplies; you need laundry soap and supplies; and you have the cost of cleaning on the turn (usually charged to the guest but you still have to manage it).

Calculate the demand and supply in Johnson City, TX and it will give you a good idea to build or not. 

I stocked the house over the past two months with enough food and supplies for more than 3 months, sent my healthy teenager to live with my healthy young adult son the minute school closed, and am on extraordinarily strict lockdown with my husband and daughter (who is on immunosuppressive medication).

Hi @Timothy Casallas, once you identify a market you can explore further by drilling down into the demographics like population growth, jobs and wage growth, employment diversity and supply and demand.

I think reserve requirements are lender specific but from a practical standpoint, make sure you have an ample amount.

We have tons of jobs coming to Arizona and it is a desirable place to live.Also, I heard that houses under 250K were at .8 to .9 months of supply.