buying existing inventory is only one strategy. you need to study other strategies and not just depend on the same one. look at buidling for profit or building to hold. both work very well here.

We now have a new strategy which we are asking for input on before we move forward at a fast pace to scale quickly in 2024.We plan to use a HML for the Acquisition, Pay cash for Points/closing/repairs(no HML draw costs/waiting periods).

HiAfter finding this as one of the alternative 1031s on @Dave Foster pdf overview I am thinking it’s a strategy I can look to rather than finding a ready-2-rent property to buy.

Base info: Purchase price: 730k newly constructed town houseOption 1. 30 year fixed, no PMI, Interest 6.875%, total closing cost 92k with 10% down, monthly payment $5000Option 2. 30 year FHA, Interest 5.5%, total closing cost 89k with 10% down, monthly payment $4700Option 3. 40/15 year balloon, no PMI, interest 6.625%, total closing cost 47k with 5% (max) down, monthly payment $4700Option 4. 30 year fixed, Interest 6.5%, total closing cost 85k with 10% down, monthly payment $5000My strategy is to reside in this property with roommates for 1-2 years and then renting out the entire property once I purchase another one.

When picking a location, prioritize areas with high rental demand, job growth, and essential amenities.

Adding keywords related to your investment strategy or market locations can be updated in your settings.

As the world increasingly prioritizes environmental responsibility, leveraging this deduction not only makes financial sense but also positions investors as contributors to a greener future.In navigating the complex landscape of real estate tax credits, investors must consider a multi-faceted strategy.

We have entered "tax abatement" deals into our strategy, which greatly reduces expenses and increase NOI and cash flow.

https://www.zillow.com/homedetails/1754-Chico-St-San-Diego-C...
They buy this 1/16/24 for $1.6M and immediately put it up for rent at $5.5k.

The first thing I'd recommend is determining what your goals/strategy are-- looks like cash flow based on price to rent ratios in these areas.The reason I'm saying this is because rentals or managing properties in general out of state present additional challenges, so you have to understand that going in and know that things will come up.