There’s a barrier in the business of getting bank loans, the investment qualifies itself, but the bank requires someone that has sufficient net worth in order to sign on the loan.  

We've had a several clients over the years build large portfolio's in the 25-50 unit range.

As stated we are Old NW, off 7th street near Grace Warner elementary, MaeAnne/McCarran shopping, UNR, etc, so think we have a good chance of getting a young family or some college renters as well.For 3 bedroom SFH, It seems like the cheapest room rates are in the $600 range, $700 a room is what I see most, and the nicer luxury properties with large garages and bigger yards are in the $800 a room range.

Purchase price: $130,000 Cash invested: $43,000 Goal with the first OOS rental was to find a SFR that was primarily rent ready or required light rehab by Summer of 2021, with the criteria minimums of $200 pure cash flow, 10% CoC return, purchase price around the $125k range that met the 1% rule.Backstory:This property was listed on the local MLS as "coming soon" and I reached out to the listing agent directly to see if they were entertaining early offers.

My criteria minimums were $200 pure cash flow, 10% CoC return and purchase price around the $125k range that met the 1% rule.

Im looking at properties that are 4 units that are in the 280-300k range.

@Garret Anthony Central Ohio has some great opportunities for the long term...and C-class value add MF is the way to go...finding the deal is the hard part....most agents and wholesalers are looking in the 1-4 unit range by default...I would recommend buying as many units as you possible can out of the gate...don't fool around with duplexes if you have $200k to spend...it will take longer, but a deal that meets your criteria will come along...or a possible partnership with a like minded investor that can put some skin in the game...

I live in southern Illinois in an area with a population of just 3,000 people and even a duplex in terrible shape will rent for $350 per unit, with higher end units going up into the $600 - 700 range.

So if you were to rent out a unit/room it would be within range to ask $950-$1000 if that offered shared costs. 

For example, are there properties in your price range that you would live in within the school district?