They will make or break how successful you are.Cheers!

Hello @Amanda Skipper,While there's no better way to truly get a feel for a market than by being on the ground and exploring the neighborhoods firsthand, I want to assure you that investing remotely is absolutely doable—and many successful investors do just that.In fact, I know several investors who have built substantial portfolios in Memphis, and they’ve never physically visited the city, and they've done so successfully by leveraging local expertise, market data, and a solid support network.

For finding off-market properties, PropertyRadar has been a lifesaver for me.On social media, I’ve had success connecting with property owners and fellow investors through Facebook groups and LinkedIn.

So in theory when there is a lot of historical data to go off of, and or we truly understand a business, and or we have the ability to directly influence the success of a gamble we call that investing. 

Quote from @Patrick Flanagan: Hello, I was wondering if any out there is having success doing spec home builds?

I believe collaboration and shared knowledge/insights are key to success in real estate. 

I've seen investors have success buying in cash and then doing a cashout refi after their purchase to replenish the funds. 

Hello, Anyone here has successfully house hacked in BR with positive cash flow.

Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated this home to create a premier vacation rental property.

There’s a lot of opportunity locally, but one of the 3 keys to success in STR investing is having enough cash to do them properly.