Are their listings detailed with good-quality photos?

Since it’s such a quiet and family oriented neighborhood, I would like to be mindful of the quality of residents that live here.

can you achieve the BRRRR method and follow the 1% rule?

@James KieferRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You'll have better quality assets, and  more reserves.

Utilizing these methods and collaborating with local appraisers ensures accurate results.Good luck!

Instead of actively seeking out buyers, focus on what I do here: establish credibility, showcase your knowledge and competence, and lock in high-quality deals where the numbers make sense.In this space, transparency and honesty are key.

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Anne, I would advise you to focus less on the number of “doors” and more on the quality of your investments.

I currently own a SFR in Houston which is managed by a property management company. But I recently purchased a triplex in Tucson, Arizona, which I plan to manage from out-of-state. I currently live in the Los Angeles ...