In our markets we pitch the floorplan we have and build cost and then help identify lots that can be built around and analyze the submarkets to see where the investors and us both agree to be the best fit for their strategy (hold or sell for a profit since we build about $155 a sq ft with margin and homes sell for $219 per sq ft on average) and based on that we build it on their construction loan.

We are not sure where to start with choosing a new investment strategy.

Instead you can pick out a Prefab home or by design and have that Modular tailored or built on site in half the time!

.- Purchase price: 600k- Strategy: STR (5b4b 14 guests)- STR income: 132.6k (Aridna data) / 11.05k monthly- CoC: 17.5%Here is another example, just a random on-market deal where number works:https://www.redfin.com/AK/Anchorage/3640-Chiniak-Bay-Dr-9951...- Purchase price: 550k- Strategy: STR (5b2.5b 14 guests)- STR income: 124k / 10.3k monthly- CoC: 19.79%Alternatively, I discovered a few small multifamily properties with a mix of LTR+MTR+STR to help with occupancy optimization, and I can see that on-market 4-plexes like this one with a cost of around 600k will cashflow and gross a similar 110k-120k yearly.I see that population growth slowed down, and maintenance/utilities should be much higher due to harsh winters. 

@Helen Brennick The BRRRR strategy is great but keep in mind what @Travis Timmons mentioned.

It's a smart strategy, especially for first-time investors looking to maximize their real estate investment returns.

That's the really the first thing to figure out, if conditions even warrant or allow this strategy. 

As long as you develop your Core 4 like David Green’s mentioned in his long-distance investing strategy (realtor, contractor, property manager, and lender), you should be able to invest anywhere with confidence.

Looking for deals out of state may not be a bad idea, although I would not recommend it for a new investor unless you have good knowledge and have had time to study the market you want to invest in.Another option is to tweak your strategy a bit, and instead of looking just at the cash flow, you look more at appreciation, which brings me to your comment about having missed the boat.

Not the way I'd prefer to live myself, but it might be the only way some people can afford housing.I'll take your advice, though, and state in the lease that only the designated bedroom is to be used for sleeping quarters.