I’m guessing Matt is a (rookie) wholesaler…… that’s why he is taking this approach.Matt, I admire the hustle of trying to do what you are doing without a license.

Over the years, most such house guests have admired the property: the ocean view, the woodsy acreage, the peacefulness, the proximity to the subway and thus easy access to The City and also the airport, etc., easy access to beaches, and the property's house potential in a neighborhood with potential.

I admire that you did it and soon or later I will get to that point owning a property in a different state.I will keep the STR options on my mind and keep a close eye on the opportunities here in LA and I'm sure that it will all come into place in the next 2 months before I make a decision and commit to either strategy.  

@Aja Devaney An admirable business plan that could work, but remember to factor in the sellers looking to sell their properties and take a loss during this market might be the same properties with poor performing tenants.

However, while I was succumbing to shiny object syndrome (admiring the fancy new kitchen, new hardware, and beautifully tiled bathrooms), my agent was crawling around in the basement crawlspaces, collecting cobwebs and assessing the plumbing.

My girlfriend is also a nurse and to serve others the way you do every day is much admirable, I know it's not always easy.As a multi-family investor myself here in Chicago, we are typically targeting a 10% cash-on-cash return and anywhere from 14-18% Internal rate of return (total return over time assuming a sale or refinance). 

@Ryan Evans - I'm Denver's biggest fan and also admire anyone that is smart about what they want and don't want, as well as are realistic about their skillset.

Some will admire you, some will want to learn from you, but unfortunately, most will envy you.

If average rent is 1000 a month, and you’re paying a PM 10%, You’d need over 30 houses immediately for it to make sense financially.It’s an ambitious goal - which I admire.

The title refers to a story about a visitor to New York who admired the yachts of the bankers and brokers.