RyanI live in DTR and can tell you that the micro markets vary widely.

Vacancy varies based on market and housing type.

Hi @Helen Zhang the short answer is yes, loan terms will vary depending on whether you purchase the new house as a primary residence, second/vacation home, investment property, etc. 

categories of business differ. 

The prices vary depending on the time of year. 

@Randy Dargan I still don't really understand the desire to BRRR properties, especially in these currently high market prices.I was explaining this in another forum but here goes:ARV of $140Refi at 75% - $105,000 gross (will have fees associated)Loan terms will likely be 20 yr am, if commercial, and in the 4.75% rangePrinciple + Interest =                 679Management Fee =                    140Vacancy 5% =                              70Repair reserves =                        70Capital reserves =                       70Taxes (Using Delhi @ 80k) =       170Insurance =                                 50Total =                                   1,249Free Cashflow =                         151Annualized cashflow-              1,821# of years to make back 40k from flipping, 22 yearsTax benefits will vary in value to each person. 

We will then present a set of general categories with repair costs in each.

Of course they vary from state to state, county to county but some are super user friendly and easy to collect good metrics that can help in pinpointing properties that may more likely lead to bites.

The only real "correct" way to do it outside of zoning approval is for <91 days per year (and keep records) or for <180 days per year (and keep records) if you are running it as the primary resident.Categories of Limited Lodging.Two categories of limited lodging are recognized, and both shall comply with the standards provided in § 14-604(13)(c) (Standards).

@Matthew Stallings and @Ryan Moyer - Physicians can get unique loans permitting lower money down, sometimes 0% down on up to $750Kish (also varies), with no PMI.