Thats the best indicator of MBS pricing and activity as far as directional movement is concerned.

Also, as far as multifamily, wasn't sure what you are thinking on max price range, but guessing you are thinking 1-4 units to start off with conventional financing.

As far as the land itself goes utilities are most likely going to be your biggest due diligence item.

@Steve Bush Hey Steve, there are still restrictions throughout riverside, but Temecula Wine Country is not restricted as far as I know for short term rentals.

This is exactly what is happening in Idaho.In my opinion, I wouldn't go so far as to say St George is a "bubble," but I do think it gets hit a bit harder in a downturn.

As far as your SFH strategy goes, not sure what the job market is like in South Jersey, but I know in Central Jersey there are a lot of NY commuters, so renting will always be easier.

So far I've notice some towns have regulations or already blocking STR like Woodstock, thing is that those are saturated markets already and no room for STR (IMO), but catskills is so big its a matter of a location and price! 

Part of the reason I still work my W2 part time is so I'm not reliant on the commission which allows me to advocate the better deal and not try to bump my numbers 1k or 2k here at the expense of my client on the scale of tens of thousands.

As far as the unforseen problems that always arise , you just deal with them as they come up . 

As far as jumping straight into apartments, this is where I have actually seen several doctors who I know personally fail (they got taken advantage of by their partners because they didn't have the time to be involved and supervise, or the knowledge they needed to avoid being ripped off).