Hi all,New to the world of real estate investing, looking to find long term rentals and maybe something in the storage space realm as well. 

Urban areas like Austin and Dallas are appealing for growth potential and job markets, but the suburbs and smaller towns offer more unique opportunities (lower entry costs and a steady flow of families and retirees seeking affordability and space).

Or I do like the suggestion above of a co-work meeting space, assuming it is a bigger urban area that would be a solid potential income stream. 

I did not choose.I selected configurations similar to what they were renting—for example, 3-bed, 2-bath, yard space, etc.I focused on locations where they were currently living.I set rent prices within their budget.SummaryI became successful at real estate investing once I understood that what matters is the tenant segment who occupies the property.

Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.

Purchased with minor updates to modernize the space, it now serves as a high-performing long-term rental property.

Once updated, the building will provide modernized living spaces and support a significant rent increase, enhancing cash flow and property value.

So, for my proforma, how much does a developer or  assisted living company pay for entitled land in this type of space?

My other investments focus on the mid-term rental space, and I’m drawn to Jacksonville to stay near hospitals and schools, which are essential for my target demographic.I’d love insights on the strength of the current market here, any projected trends, and tips for making a solid investment in this location.

Located in Morganton, NC—a market with rising demand—the property presented the perfect chance to add an ADU, maximizing cash flow and leveraging underutilized space.