Commercial properties tend to yield higher returns but come with more complexity, higher risk, and longer vacancy periods, making them better suited for experienced investors.

If you are a new investor they will still will work with you but due to being new you will pay a higher interest rate and more points than an experienced investor.

While I understand this may not be the best time for high demand, the lack of inquiries has been unusually low—something I’ve never experienced before.When I searched for similar rentals in the area, I discovered that my listing does not show up properly.

And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

We also have a lot more available capital with more advantageous rates these days and we're currently experiencing an upmarket as well, so these rates reflect that since the cost of assets are up.We do supply financials in our investment docs and we also now have ongoing reporting for these open funds, with even more robust reporting to come.

utilize the services of a top notch, experienced, track record verified mortgage broker to locate your best fit mortgage loan.  

I’d love to hear from experienced investors: do you think it’s possible to do BRRRR in a high-cost area, or would you recommend looking out of state?

However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus). 

An experienced investment focused agent will save investors time, will work for you to find the best deals, and can even help underwrite deals.

Networking locally in Lake Tahoe/Reno can also help you connect with experienced investors and professionals in your market.