I always used the 1% rule as a useful metric when we were purchasing our SFR portfolio.

As someone who is in both the markets and real estate (I do real estate and my wife the markets) its all about balancing the portfolio and the risk.

Thanks Don, that is both enlightening, and created new questions as I have 2 potential deals that could be classified as commercial, both are airbnb portfolios, with one being 3 singe family units, and the other being a single site with multiple units (11 units,themed resort style).

Sounds like you are truly blessed to have a nice Chicago portfolio, but something is still missing? 

Good Evening @Abel Curiel, I'll for sure dig a bit deeper into Suffolk and Westchester in my mind I did not want to wait that long to save up $50k, but maybe it is the smarter/safer move to be patient so I can have a strong basis for my portfolio.

However, if the deal is average, waiting to house hack could provide a better foundation for your portfolio.

Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.

The location you're referencing will likely require substantial rehab capital.There may be some out of state investor who hears NC and throws their money at a portfolio, but this feels like it'd need to be cash transaction.

Mentorship starts with relationships, not strangers on the interwebs.Coach Carson is a very reliable resource for building a small, powerful portfolio. 

Quote from @Jinglei Shen: I am building my investment portfolio(duplex) in Ohio Cleveland, a few properties i have analyzed  with net cashflow  around $100 to $290 here is one deal I am analyzingDuplex generates $1590 income /month together,purchase price $123,000rate 7.5%, downpayment 25%5% vacancy, 10% mgm fee, $1400/year insurance,10% capex, 5% maintenance,COC is 8.73%monthly net cash $277this deal meets1% rule, bring in positive cash, my question is it in normal range in Ohio Cleveland market?