Taxes, water/sewer, insurance, maintenance – it all adds up.It's heartbreaking that Worcester is becoming too pricey for its own residents.

Depends on how they signed the Lease, your recourse. 

I obtained a signed pre-approval from a lender for a short-term rental (STR) investment at 80% LTV.

It all depends on what you assume.

There are several things that could happen depending on if he is behind in rent.

We run the number of these properties on the calc of BP and they would give us with conservative numbers on the rehab (estimating to put more than needed) and on the rents (market rent but conservative), good returns, like Cash on Cash return (CoC) between 2-6% and Cash Flow between 986 to 12000 per year, so anything from 100 month to 1000 a month, after expenses were taken, so from this cash flows only taxes are missing to be taken, with some properties needing us to put from minimum 40k to 90k down including rehabbing them.

The mailers I send consist of distressed properties that I drive by using the driving for dollars method, pre-foreclosures, divorces, and absentee owners. 

This is a loaded question, and really depends on how your trying to build your portfolio.

I've noticed in some markets, there's an additional tax you have to pay on gross monthly income.

You can get 10 year terms now...I only found out AFTER I had renewed my mortgage as my banker never bothered to tell me.For sales, I think it is market dependent.