Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

I have been leaning more Montgomery because of the military base and would like to rent to military with the better up keep and responsibilities they have.

I'm based in NYC and looking to find an investment property in Philadelphia.Because of the distance, my agent is willing to visiting the property on behalf of me and sends me videos.He goes into each room and shows me with his commentary, which is helpful.Because I'm not onsite, I'm not sure if I'm fully understanding the neighborhood, atmosphere or details that I cannot find in the video.Would you have any tips to ask for, or pay attention to in terms of viewing property via video?

If not, the reps tend to provide what they think we will accept based only on their conversations with our borrowers.

- Can you use an STR based 1007?

I would suggest looking closer to places like Freeport (LL Bean alone attracts a lot of folks), Portland (where the Old Port is always going plus the added benefit of renting to people coming in or going out on the airline), and near Kittery (near the Naval Base where again folks coming in and out will tend to stay) if you are wanting year round high occupancy.  

DSCR products qualify you based on the property itself cash flowing.

So that fact alone is going to make it very difficult to get your property seen based on how the algorithms work. 

Then I have the option to engage the attorney to appeal the tax and only pay if they succeed to reduce the assessment based on a percentage of the reduction.

Hi Sejin,Are you calculating the rental income based on long term rental or short term rental?