Good writeup, I think you are spot on. 

That’s part of what drove me toward the luxury angle, catering to a niche market that’s currently underserved.Your point about local demand alignment is spot-on.

. @ Dan Rowley, your advice is so simple but spot on.

It doesn't take long to learn how to spot a good deal.6.

Nick,Between Dayton and Middletown those are two great spots to buy a 2-4 unit in as an investment rental.

If you need to get it rented fast, a great property manager would list the home for $2100 (below market) and get several quality applicants competing against each other to drive the price up to the max so you don't risk vacancy by starting out too high and gradually reducing to find the sweet spot.

All are local to me in a non-vacation rental spot.

It’s awesome to hear you have a connection to Montana—Bozeman is a great spot!

Every lender will have different rates, so there is no global spot to track rates.

I’ve heard a lot about BRRRR, fix-and-flip, and rental properties, but I’m curious about what’s working for you all right now.I know from talking to people that some have gotten into bad deals while using their own money, and I’m worried that using bank funding and ending up in a bad deal could make things even worse—not just for the investment but for the relationship with the bank as well.I’m just trying to make sure my clients use this funding in the right way, without getting themselves into a tough spot.