You will scale that much quicker if you find someone doing what you want to be doing at a larger scale and surround yourself around them.

Be aware of the regulations surrounding rent stabilization and factor this into your investment strategy.Considering Out-of-State Investments:Diversification: Investing outside of your state might provide you access to possibly more inexpensive markets as well as diversification.

Market rents are pretty consistent within the city limits but can be variable in some of the surrounding neighborhoods and suburbs.

I focused on the mountains surrounding my area (still medium home price of $850k) and really got to know the sellers - who they are, what they do, and most importantly, what they value.

These recommendations are great.As for choosing a market we have interest in visiting that is also something we are hoping to be able to accomplish, we have a work opportunity that would put us in Tampa Florida about 7-10 days per month, so we are looking there and at the surrounding area to see if there’s anything that could work.

I will second Virginia Beach and the surrounding areas of Hampton Roads.

Yucatan State (Merida and surrounding areas):Short-term Rental ROI: Ranging from 8% to 13%.Annual Real Estate Appreciation: An impressive 15%.Merida is gaining momentum among international tourists and investors.

I am confident that I can send business your way as a number of clients are actively looking for more PM options for STR in Duluth and surrounding areas!

You're in the right place, surrounded by people just as excited as you are. 

Any water issues with the areas surrounding the house?