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Updated over 3 years ago,
Feeling overwhelmed with Analysis Paralysis
I think like most folks I've started out excited about the potential of having that extra cash in the pocket in a few years time through REI, but I feel burnt out without even having my first property and I'm finding it harder by the day to find deals that make sense.
Part of the issue is finding where I want the property. My local market and surrounding area is extremely inflated and there is no way to make the numbers work. I’d consider renovating a deal up to two hours drive away, but all neighbour city’s/towns are what I would consider lower income areas with little to no growth or Airbnb potential. This has driven me to consider selling up and moving towns, but this causes additional stress and anxiety as I LOVE where I live in MI. Another option would be to “snowbird” and head south for a few months to renovate and rent, but will be tricky with daycare etc.
Any advice for out of state investing / not getting burnt out / general advice?