Chattanooga Tn is a great investment market and is more landlord friendly compared to others that are more tenant friendly.

Talking with a reputable lender will help you answer both of these questions, although the first is much more up to you and your comfortability. 

My seller disagreed with the first scope result and hired 4 more companies to scope it.

Hi Sara,We do see a lot of new construction in NC and SC, but specially in NC.If you’re looking at areas with high demand, Charlotte and the Raleigh-Durham region in North Carolina are definitely worth considering.

I will add that the rental prices of condos tend to be more similar to multi-family housing than SFH and in the greater Phoenix MSA a lot of new multi-family units have been built in the past couple years with more on the way, so rents have softened.

It's going to take longer and be more difficult than you expect.The beginning of my journey was establishing a good income, living below my means, and a live in flip.

Yes, it helps a lot.

Instead, focus on the criteria you’ve set for tenant approval.Here’s a professional and neutral way to phrase your denial:Keep it General: "After reviewing your application, we have decided to move forward with other applicants who more closely meet our rental criteria."

I recommend you check your numbers: If current NOI is $37K and they're asking $500K cash, your cash-on-cash return at time of closing can't be more than 7.4%, and that's assuming an all-cash purchase, ZERO CapEx, ZERO renovations and ZERO closing costs.

I'm sure I'll have many more questions to follow as well.