@Anthony Minervini go with the market you know or have boots on the ground in.

Hey Devakumar, good on you for running the numbers before jumping in.

Hey @Michael Baum what about buying a couple snowmobiles, making an ice rink, buy some snow shoes , fireplace …voilà the ultimate winter vacation spot for your “Offseason “(snowmobile  is expensive I know ) Hehe, well, the ice on the lake isn't that thick for skating.

You will learn so much more being hands-on!

I have never heard of this metric and don't see any information on it online.

Quote from @Enzo Moraes-Chagas: #1: don't spend all your money on a property.

This means investor cannot work on the property (e.g., making repairs, managing tenants).

Rules would be different if we’re putting a mobile home on the property. 

Situation:Home was a new construction Oct 2023 when we closed on it. 

Your first priority should be improving your credit by paying down debt, disputing errors, and possibly becoming an authorized user on a trusted account.