@Shakil Ahmed - would stay away from MFH in Huntsville right now - market is saturated with them at high prices. 

Option 1:30 Year FixedLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.225Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $2,018.76Broker Fee % 1.25Cash From Borrower $78,081.01Option 2:5/6 ARMLoan Amount $202,500.00LTV 75%Discount Points %0.00Prepayment Penalty (3/2/1)Interest Rate % 8.025Origination Fee % 0.00Underwriting Fee $1,645.00Monthly Mortgage Payments $1,990.40Broker Fee % 1.25Cash From Borrower $78,052.65I'm not sure what credit score is being used to qualify BUT this looks to be inline with the current market rates for a 75% LTV cash out on an invest property.

ThanksVarunI'm unfamiliar with the Memphis/Little Rock markets, but why don't you want to continue investing in those areas?

I'm in your market and was in your position in few years ago.

What markets should I be looking at?

And then an actual message comes through. 2 weeks after check out they wanted to let us know about some spider webs, a microwave built-in that was too high (based on preference), a power strip with loose wire connection and several other items that they never let us know about during their stay.

What markets do you work?

I didn't pursue because the real estate market was good and rates were at an all time low.

But depending on your property and the tenants you're targeting, certain marketing strategies will work best.Let us know specific questions you have and I'll share anything I know!

The best strategy I see for it is as a Luxury STR, I’m just not sure the market supports this.