Quote from @Rou Odab: Hello everyone,We bought this house, and we're living in it and renovating it.

4o Hi Monty, I Live 15 minutes from the freeport area with building and flipping experience.

I did 7 deals last year from out of state living in Austin Texas.

Greetings BP community, I recently joined a national senior care living development team.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Now you see how expensive dining and living rooms are that could be converted. 

,I have sold and been managing properties that are near the MIA and haven't had any complaints from residents who are living in them.

Since STR “lives” on reviews, being “right” because of the contract the guests signed might be the most expensive “right” you’ve ever experienced.So what’s left for the “wanna be” STR investor in today’s market?  

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

I'd highly recommend house hacking in your local market since you're in one of the highest cost of living areas in the US, especially if you're renting currently and planning on staying in the area for 5-10 years.It sounds sexy to go out and invest out of state for your first property.