I have always been fascinated with Peoria, though I’m not sure how investor friendly Illinois is.

I’m determined to make this work not just for myself but for my family and friends.

One of my close friends in the busines had a similar setup.. her husband was also a contractor, and together they tackled a fixer-upper that ended up netting them a solid profit on their first deal.When you’re hunting for the right property, I’d lean on a realtor who really understands investor math... someone who’ll help you break down potential cash flow or resale value.

You have a friend, He will rent it in its present condition as soon as you make it available to him for $90 per month. 

Since you’re leaning toward the “reconnect with nature” vibe, are you thinking of adding features like hiking trail maps, partnerships with local guides, or even some eco-friendly touches to the property?

@Derek FarmerDerek - My friend Dave Short has a Dinner with Dave meeting about once a month here in Indy.

I will provide some thoughts on the San Diego purchase- virtually all high LTV mls purchases since rates started to hike have negative cash flow at purchase- historically great appreciation- historically great rent growth but recently flattening- prop 13 is great benefit for long holds- laws keep getting less LL friendly.

High LTV purchased at retail (off mls) has large initial negative cash flow- regulations are tenant friendly.  

The idea is spreading, and could spread to some other spots here that have traditionally been STR friendly. 

I have a friend here who has about 140 houses right now, who I was discussing return on equity with.