What are the market comparables?

Time management and building a solid team are key elements to success. 

Banks generally will take 70% of gross rents and compare that to his loan payment.. so if 70% of gross rents was $1050, and his payment was only $500, it counts as extra income on the debt ratio...

@Annie Thompson  I think one of the main functions of the site is to compare actual product side by side and compare cities and see what kinds of returns.. are out their from the providers that post their inventory  its real inventory that can be bought and you don't need to go to a squeeze page to get the super secret inventory lists LOL..I would not base a buy decision solely on  online reviews.. 

Their service is usually much better than the large banks and often their fees are minimal compared to the large institutions.

@@Abad MarroquinPre-foreclosures or "before the notice of sale deals" have to have equityI want to three months behind on payments, no moreAfter I pay back payments and fees I want at least 20% equity to take over the payments subject to (subject to existing financing)The ideal "subject to seller" is someone wants to protect their credit ratingThe Piti payments compared to market rent I want cash flow of at least a few hundred dollars a monthSo the deal discussed  I would not even consider

Plenty of people do invest out of the area, but I think that adds an extra element of risk into the equation.

Why pay for a 1/1 in MF when you can have your own house to yourself for the same or comparable monthly payment?

What is the condition of the property compared to the one that just sold?

Here is a link to a blog post on BP that compares short term rental versus long term.https://www.biggerpockets.com/renewsblog/2015/10/19/long-term-short-term-rental-vacation-home-property/