Many homes that are bought by investors would not qualify for traditional financing anyway, so they would either sit vacant which attracts vandals, druggies, and other undesirables, OR an investor rehabs and resells.

Those 20% are undesirable areas. 

.)- house hacking; there are not likely very many multi-family units in many towns and if there are they are probably expensive and in undesirable/dangerous parts of townI am not trying to discredit the usefulness of this site or of investing in real estate.

Of course he would, he already made me go cordless on my laptop peripherals (Hey, why isn't my mouse working?

Note my late fee is high enough to be a penalty, but it is not high enough to compensate me for effort to hunt down delinquent rent (my time is precious, I expect to be well compensated for my time especially if I am doing something as undesirable as collecting delinquent rents.  

A combination of mortgage notes for cash flow and desirable properties in high appreciation areas (not cheap, undesirable properties in the Midwest.)

Zero regulation now might lead to oversupply with no barriers to entry and then could swiftly change to a super difficult regulatory environment whereby STR becomes undesirable.

So I'm in a pretty undesirable situation right now.

I think the #1 most ridiculous poster is the person living in a desirable, high-appreciation location who has plenty of capital to deploy who asks which crappy undesirable market thousands of miles from where they live is the best place to buy their first investment property.

Ten inexpensive properties in the Midwest will be in undesirable areas and may lose money…..