Located in Crowley, LA, it fit Partner Driven’s strategy of finding homes in need of renovations that could appeal to buyers with modernized features and design.

If the lease is at market rents and the unit is in great shape, it could be attractive to another investor.

This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.

Highlight features like the private entrance to attract budget-conscious travelers.

What attracts people to Las Vegas?

I have some web design skills (I'm an engineer, so easy to learn new programming languages) and I'm currently testing my new system to manage the tenants.

Returns look good on paper but the kind of tenants those homes will attract will eliminate your cash flow.Invest carefully.

These employers frequently attract new residents and create a steady influx of good quality renters and prospective tenants. 5) The Albuquerque metro area and Central New Mexico enjoy over 310 days of sunshine and a mild climate year-round.

However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

These strategies make STRs especially attractive to high earners, like tech professionals, who want to reduce taxes while building wealth through real estate.