Examples:44109 (median home price went from roughly 50k to 125k in 8 years)https://www.zillow.com/home-values/77009/cleveland-oh-44109/ 44102 (median home price went from roughly 30k to 120k in 8 years)https://www.zillow.com/home-values/77002/cleveland-oh-44102/ 44106 (median home price went from roughly 100k to 200k in 8 years)https://www.zillow.com/home-values/77006/cleveland-oh-44106/ It has the highest rents on average in all of Ohio for major cities and the median income is not even in the top 3.

As far as what type of neighborhood, the further you get from downtown Lansing, typically the less crime. 

For example, in NJ electricians and plumbers require licensure. 

I will give an example, in San Diego at 50% rent ratio (experienced investors should do better than this), the prop tax alone is 20% of the rent.  

Some will have a difference of opinion, but I typically get the highest possible deducible and opt out of any extra coverages.

I won’t count them for our example but I wanted you to be aware that they exist.Most Interesting Tweet(s) of the WeekThe economy is running too hot still…likely because of government spending.

For example on my fourplex the units rent for $650 each - the PITI is $909.

You'll notice that the more conservative the DSCR paper/product the better the pricing is typically so each DSCR product line serves a certain niche of investor (whether they do airbnb/STR, LTR rents, portfolio size, and where ever you are in your journey through REI).

Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.

For example, every contractor thinks they will do flips best because they know construction.