Also, appraisals are valuations at a point in time, and commercial markets can change rapidly.  

Once you feel comfortable, you can consider expanding your portfolio or venturing into value-add deals.I like to start with single family homes.

1 YearI'd like to expand on this topic.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $155,000

Sale price: $250,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with our pa...

I currently have 1 STR and am looking to expand my portfolio into multifamily and single family homes.

. - Mindset's conditioned in a kind of FOMO position from covid bull-run, a stimulus action that present's a buyer surge, and a sold price surge, may be the spark for a real tangible bubble creation appreciation frenzy as those act upon FOMO to "grab the profit's" or "get in before it's too late", ignoring market basis fundamental's, thus in a feed-back-loop of rapid appreciation, ie "bubble". - I do not see risk in seller finance side of things as i don't see potentiality of mortgage rates dropping below 6% in any enduring manner.

According to AirDna, Fennville, MI, Grand Rapids, MI, and Wisconsin Dells seem like good choices.

I live in NoVa and hoping to expand to this area but ineed to be more educated and aggressive. 

I've created a very thorough pitch deck explaining the project with pretty decent returns for LPs (20+% cash on cash returns) but seem to have exhausted the normal circles I run in and apparently I can't really expand them without running afoul of the SEC...?

My wife and I are interested in expanding to help bump up our cash flow to help at least one of us exit our current W2 jobs but are hesitant to do so given the current market climate.