On paper cap rate looks good and I've heard there's a hot rental market, but not sure about in practice and what quality of tenants we could expect.  

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000

Cash invested: $20,000

Sale price: $377,000

This was the first house I ever purchased. It was a large...

But those types of numbers are typically in the 'rarified air' of institutional investors that are looking to park $100 million for some low rate of return.  

Private pools not allowed, maybe a hot tub, still don’t have definitive answer if it’s allowed.

My last Airbnb stay was in the mountains of Asheville and had a sauna and private/natural hot tub and fire pit.

In this case, it was considered a storage space rather than sq ft under air.

I see the same with note investors and people writing books and doing coursesI can name many people who now sell courses in a different strategy (whatever is hot) because they just bounce around promoting a lifestyle “live your life and earn $25k/mo passively with (insert investing type).

With skyrocketing prices in major metros, many investors I know are looking beyond the usual hot spots.The "first three rules" are still important, but location might be getting redefined.

The ones I bailed out I actually took ownership of.. and got them out of hot water. there was no room for a loan but enough equity for me to step in and solve the issues.. 

Think about air travel and how you can get from A to B.