I am far from an expert in this field as I have been learning alot myself but cap rate does play a role in your type of business.

But realized there's no perfect timing unless you are already in the game).

Hopefully, 2025 will reward us all who have stayed in the game. 

**“Kendric, first off, you’re already ahead of the game with your willingness to learn and adapt—plus, having a ‘mishap’ fund shows you’re planning smart! 

I love the Smokies as a long-term play.

And virtually all of them had owned rentals and maybe kept a few but were just tired on the TTT but wanted monthly cash flow . so there probably is some of that at play as well Investors that dont want to deal with the PM aspect of owning RE..

As you mentioned those specific details about MTRs geared toward traveling healthcare professionals, these are things I think would help us tremendously as landlords because we play both roles.

The queen is your most powerful piece, but it needs to be used wisely to win the game.Here’s how to play the game:1.Protect Your Cash: Instead of using your hard-earned $80K for large investments outright, leverage it strategically.

I never had that come into effect on my single family home purchases since I never wanted to personally be on the hook for such a high mortgage, but I think it might come into play for an MFH. 

The rooms are unfurnished and the tenants are very low-maintenance (hardly know they are there). 2+Unit Buildings here and nearby currently sell for $1.5M on average.I bought the property 16 years ago, so my mortgage rate is very low (2.2%) Even though the property is cashflow positive, my bigger play is the average 5% yearly appreciation.I'm looking for others who are interested in house-hacking in this neighborhood.