I'm comfortable with putting together estimates for the rehab, at least for the up-front financial analysis prior to getting real bids from contractors.What I'm less equipped to do is project the lease up story based on supply, demand, and other factors relevant to the area.

I agree with most people that regulations are hard to navigate but I felt comfortable doing this in CO as I am a broker and know the regulations here like the back of my hand lol

I think some hosts get too comfortable with bigger companies, and their ratings suffer.

I like easy, relaxed inspectors who do not seem to be on a power trip.By the way I got tagged for unpermitted mini split in Escondido.  

Make sure you're comfortable with these and have appropriate insurance coverage.Ultimately, the "best" location depends on your specific goals, risk tolerance, and how hands-on you want to be.

I like to buy properties that I would feel safe and comfortable living in personally if I ever needed to live there.

. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

If guests feel comfortable, safe, and cared for, they’re more likely to return and leave positive reviews.

If you can make dollars while living in Latin America you can live a very comfortable life.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.