Neither path was completely hands-off, but the returns turned out higher than we initially expected (despite all the lumps and bumps along the way).As for Lakeland, I think @Andrew Haley's observations about mobile homes are spot on.

I personally don't quite see any of these positions being completely eliminated due to AI, at least not in the forseeable future. 

Again, expect higher prices than your initial targets.Smaller Cities: Don't completely overlook smaller cities or towns with strong local economies (e.g., a strong university or a growing industry).

It can take a year or more to complete an ADU.

I have never used that feature in RH, are any of you using that? 

@Levi PerlLet me start off with, I am completely new to all of this but not new to business in general.

Others needed a complete overhaul.

I would say the cash flow would go up every year and that would usually be the case but my son will be moving into one unit probably for just the labor to rehab the last unit (collected rent will go down for a year).After that rehab is complete, at market rent I would have about $8k/month cash flow with underwriting that most would consider conservative (for example $1200/month allocated to maintenance/cap ex). 

My application includes an acknowledgment that everything is true and complete.

These areas also feature strong rent-to-price ratios, growing populations, and landlord-friendly laws, making them attractive for long-term rentals.Here are a few tips for investing out of state:- Research Local Teams: Build a network of property managers, contractors, and real estate agents familiar with the area.