Obviously, this would require some market research on your end, but possibly a more profitable investment opportunity. 

Hello Everyone - I am wondering what everyone knows or thinks about rental market in Reno Nevada - near Truckee River and downtown Reno. 

The steps, licensing, regulations and everything are much much higher on option 1, however obviously would add a larger target market

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Multiple exit strategy possibilities:a) Traditional rental at current market rate of $1500.

It seems safe to assume there's a market, but obviously we'll need some more research to confirm that. 

My plan if i get the properties will be to Buy, slightly increase rents (as they are currently 200 behind market,) as tenants move out, renovate the properties with my BRRRR team in between ongoing Single family homes.       

In case helpful, here's more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Market Update February 2024Last year, as I saw the potential for market conditions to change I sent out a couple of market updates to keep our owners informed.

I agree with you that this may not be common practice in different markets, my experience with HOAs is only in the state of NJ.