By leveraging your equity, considering new investment types, and possibly bringing in partners or professional management, you can continue to grow your portfolio and achieve your financial independence goals.Best of luck, and keep us updated on your progress!

.- Buying that first STR property in a “hot” vacation market that isn’t local therefore seems like one of the highest risk investments one can possibly make.I will not be surprised to see pain in several similar markets around the country, perhaps including certain desert locations that surged in popularity, certain lake areas, and the pain may extend to even areas like CO mountain towns, despite the fact that unlike the smokies, people do travel from all around the world and country to get there.

I stopped for a while to do life coaching and energy work, and then I met a guy who was a broker that wanted to get more into the development side so we teamed up with his dad, a lawyer, and started up.As things have progressed, I am now finding lots of deals, and as it turns out, the guy I am working with is not really delivering the investors like he said he could/would so I am learning that part of the process now too as most of my deals sit quietly on the sidelines.

I am thrilled with having made some progress in my journey, even though it hasn't ended up in a deal at this time.Thank you again to everyone who took the time to respond!

Of course any incoming project of this magnitude will generate a vast amount of speculation, but personally I do agree with the popular opinion on the positive impact it will have.

a) Depends on above, but Detroit fits all the criteriab) Work with agents at a PMC that know investment real estate (we can handle)c) Work with a PMC that does renovations (we do)To succeed at the above, you probably want to work with a PMC that is fully transparent and supplies videos for property walk-thrus and renovation progress.

Not sure Zoning, but I have noticed Flex Warehouse Space becoming very popular.

One of the most popular for investors is absentee owners with equity (title co's won't give you equity in CA).

It sounds like you've already made significant progress, and it's great that you're seeking feedback.

Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves.