There are definitely a variety of opportunities here, but be sure to build a team first.

It is an area we frequently visit, so it would be easy for us to check on our property when in town and we like the idea of investing "in our backyard" for our first property before branching out into different markets.

This person / company was frequently well known by the Department of Environmental Quality, and may have been employed by them prior to their striking out and forming their own wetland consulting company.

Do not invest in any city on Neighborhood Scouts’ list of the 100 most dangerous US cities.Low risk of a natural disaster: I frequently read of entire cities devastated by a natural disaster.

House hacking is a possible alternative, but given California's high real estate values, investigating other areas may be a good decision.Houston, TX is frequently seen as a favourable alternative for out-of-state real estate investing for various reasons: Diverse Economy, Population Growth, Affordability, Landlord-Friendly Laws, Job Opportunities etcRemember that success in out-of-state investing often involves ongoing communication, local support, and adapting to the unique aspects of the chosen market.Good luck!

Seek out regions with robust population growth, a variety of sectors, and job growth.Make contact with nearby property managers, real estate brokers, and other investors in the desired region.

If you ended up in a property that has low grade materials, you can replace stuff more frequently than expected meaning higher costs than if you had done it yourself.

Please consider factors like price, location, product variety, customer service, and brand loyalty.

Here are some considerations for investing in a duplex in the Dallas area and potential alternatives:Investing in a Duplex:If you rent out one property, you can possibly create positive cash flow by partially offsetting your living expenditures.If you're an investor with limited funds, duplexes could be a more accessible alternative because they may have lower entry expenses than bigger multifamily properties.Perform in-depth market research in the Dallas region to pinpoint communities that have high demand for rentals and good prospect for real estate growth.Take a look at owner-occupant-friendly financing choices including FHA loans, which frequently have less down payments.Make sure you have a well-defined escape plan.

I see IRR frequently used in real estate but not NPV.