In some places there are a few days grace period to allow for rent that is sent via mail (which I don't get because if it is due on the 1st, plan ahead). 

So I used to work for a basketball tournament that played in Washington IL every year and so I often visited that town plus Peoria.

Just make sure the town is ok with the land being zoned for multi-units, and look into construction costs, financing options, and permits ahead of time.

It's also easier to figure out all of the pro's and con's a head of time to avoid lost time and money.  

Industry experts suggest the current uncertainty creates ideal investment conditions for those willing to enter the market.As we step into 2025, we wish our valued readers prosperity in their investments, clarity in their decisions, and success in seizing the opportunities ahead.

Quote from @Collin Hays: I visit fairly often with investors looking at a certain vacation rental property to make an offer on.  

I always remember that rockstars know rockstars, so find someone who is a mover and shaker - likely a meetup host - and then ask them who they know.The people doing 100 flips are super busy, so I've also found the best person to find is someone who is a step or two ahead of me...so maybe for you, that is someone doing 2-3 flips a year. 

If you still feel like you want to do it at least go visit their current rental to see what it looks like. 

Go back and visit your goals-is this what you wanted?

If you can arrange a visit to see how the tenant is taking care of their current place, that will open your eyes as well.