Familiarize yourself with the areas where investors are active, and research property values and rents.

Also if you have significant wealth, using a good PM mitigates potential risk and headaches.

Throughout my career as a real estate investor and CEO, I have learned valuable lessons on maximizing the potential of each unit in a property.

Market OverviewEconomic Growth: Albuquerque's economy is a blend of military bases, nuclear research facilities, and universities.

Research the area's nuances, understand BRRRR financing strategy, network with local investors, analyze potential deals, use VA loans wisely, explore financing options, and network through investor groups.

It pays to have a look at the EMA floodmap and see where you are in regards to potential flooding. 

I have been listening to BiggerPockets for a couple of months now and have been doing my own research over the past several months as well.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

You can still find solid investment properties at reasonable prices, which can lead to strong cash flow.Diverse neighborhoods: Cleveland has a wide variety of neighborhoods, each with its own character and investment potential.

@Darrius LloydTo start your house hacking journey, research neighborhoods with potential for multifamily properties and balance affordability with tenant quality.