(These averages represent state-level; individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs in Texas.Florida: The property must generate $2,343 ($5847 - $3,504) more cash annually to compensate for the higher operating costs in Florida.Overhead costs can have a large impact on cash flow.A Process For Selecting an Investment CityThere are too many potential cities to evaluate each one.

Evaluate the total cost of needed updates, like new roof shingles, kitchen improvements, and possibly converting the garage into a bedroom, ensuring these will add significant value.

Here’s some additional advice…1) Really evaluate dropping your rent or incentives.

Examine Transactions: Gain expertise in evaluating real estate transactions.

Evaluate the rental market in your area to determine the optimal configuration for maximizing rental income.The choice between using cash flow from your current house to cover expenses or pay off the mortgage faster depends on your long-term financial goals and risk tolerance.

Most times not only do you need to analysis the property(s) you’re investing in, you also need to evaluate the sponsor/manager.  

It is really about evaluating risk/return scenarios.  

Hey Folks,I am currently evaluating an RV park deal.

My "experience" evaluation will take into account how they made it through the markets from 2019 to 2025 - that will tell you a lot.I will be looking at how the operator handled their deals during this time, how they communicated during this time and what they learned. 

When evaluating property management services, pricing is often a primary consideration.