Recently, I learned a valuable lesson that made me step back and reassess how I approach offers to sellers and agents.One example is a duplex deal where I submitted a lower offer due to the significant repairs needed.

My situation: I graduated college in May 2024 and started a FT position at a public accounting firm in September.

I've learned my lesson about relying on turnkey acquisition & management.

Perhaps not a trend to consider across the city but any neighborhood that would attract college educated young professional families seems to be a good bet if you wanted to focus on this asset type.I plan to build 12 townhomes as a second phase of a condo/townhome project in a good area of Mount Airy near the Chestnut Hill boarder and even though I’m likely to years away from being ready to begin phase 2, my current plans are to keep the 12 homes as rentals for the precise reasons I outlined above.  

BIG rookie mistake and lesson learned. 

I teach college level  algebra and trigonometry to high school seniors at Louisiana School for the Blind. 

There is no such thing as FREE college, FREE food, FREE housing, FREE health care.

-I live in a modest apartment in the center of the Denton square- Denton Tx is a college town and there are many renters, especially college studentsMy question is, if you were in my situation, what is the best first move here?

Lessons learned?

But, for the best potential tenant pool, I would suggest looking to invest in neighborhoods in close proximity to hospitals, colleges, local markets, easy commute, provide sense of safety etc.