Thomas Tusser 1557This company purported to flip urban Baltimore row houses. from the article above, one investor bought 2500 Hollins street west baltimore for 20k, then spent 20.5k for rehab, a simple Google street view search shows it to be abandoned row houses in worst neighborhood of highest crime city in America.

Twelve month interest only commercial loan at a local bank.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Feel free to message me with any questions.Best of luck with your search and I hope this helps.Thanks,Cliff

The idea is that they might be upset about the increase but will realize they are still getting a good deal when they search around and find out similar units are renting for $50-100 more than their renewal rate. 

Are you planning to invest locally in California, or are you open to investing out-of-state?

In PR, understand the locals disposition to OOS investors, even those fluent in Spanish like yourself (or so I gather from Spanish language interview questions).No harm in beginning the interview process with both lender and agent today.

I didn't do an exhaustive search, so this location is just an example.I'm considering either Reno or Las Vegas, but Las Vegas looks like a better location for this, since it has more direct flights to other international airports, and has more visitors to generate STR income.

Assessing the time commitment and associated costs will help you make an informed decision.Market Conditions: Are you confident in the stability and growth potential of the local real estate market?

Anyone have recommendations on local lenders in Philadelphia for a LTR in the city?