Hi All,  I have ten properties in Lufkin, including a small commercial building and a short term rental. 

@Kent Fang chingI too am in CA but do not own any investment properties here - maybe will consider AirBNB in 2025.My choice for OOS investment includes GOLDSBORO, NC.  --  Goldsboro has a strong real estate market, Low cost of living and affordable properties.

@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.

Including the cloud brokers like REAL and EXP Realty- all the brokerages I've researched so far require to join a local MLS & NAR.

@Andres Felipe Alba Hernandez Yes, neighborhood covenants can sometimes restrict certain activities, including short-term rentals (STRs) or renting out parts of a home, even in areas without a Homeowners Association (HOA).

You will want to provide basic amenities like included washer/dryer since living conditions are already less than ideal with that many roommates so you don't want the added hassle of them needing to go downtown to a laundromat. 3.

Quote from @Garrett Karnath: Quote from @Jason Wray: Garrett,If you are talking about reducing closing costs including the banks side you can ask the sellers for a "Seller credit" which they can offer up to 6%. 

The seller's refused to reimburse our LLC the home inspection costs.Under these conditions, since our purchase contract includes an "inspection contingency," CAN WE GET OUR MONEY BACK FOR THE HOME INSPECTION THAT REVEALED A PROPERTY IS A FIXER WHEN THE LISTING AND PHOTOS SHOWS THE PROPERTY IS IN MOVE-IN CONDITION?

I would also recommend that you find a CPA that also invests in real estate.Check out the forums for CPAs including this thread. 

This type of partnership will likely include managing partners and acquisition managers tasked with finding and structuring the deal.