I honestly learned th most from studying them in my market.

Study up.CRITICALLY IMPORTANT: Screen the tenants thoroughly.

Quote from @Alexandra Moraes: Keep practicing the numbers, studying the market, and determining what will work best for you when the time comes.

@Yang ZengYour situation presents a common dilemma for real estate investors: deciding between investing locally where you might be more familiar with the market but face high property prices, or exploring out-of-state opportunities where properties may be more affordable but come with their own set of challenges.Here are some considerations:Risk Tolerance: Take into account your degree of comfort and risk tolerance while managing properties remotely.Objectives: Specify your investing objectives, including cash flow, appreciation, or a combination of the two.Market study: To fully grasp the development potential, employment opportunities, and rental demand of prospective out-of-state markets, do in-depth market study.Hybrid Strategy: Another option is to choose a hybrid strategy, where you invest in a combination of local properties for stability and simpler management, and you set aside some of your portfolio for out-of-state properties for diversity.Before making a decision, it's essential to consult with real estate professionals, conduct in-depth market research, and possibly network with local investors in the markets you're interested in.Remember, there's no one-size-fits-all answer, and the best strategy depends on your financial goals, risk tolerance, and personal preferences.

Great savings from your cost segregation study!

@Patrick McMaster Typically CPAs don't perform cost segregation studies, but they do need to understand how to utilize the cost segregation study report on your tax return.

Currently I'm studying for my CFP exam but I am still finding time to practice some of the basics like property analysis and even from the financial planning side trying to do some extra study on financial planning for real estate investors.

During periods of high inflation some studies show average real estate investment returns as high as 9.5%This is supported by recent and current inflationary conditions. 

“[I]f (the taxpayer) received an economic benefit from the Swiss Funds, they are liable for tax on at least whatever benefit they received.”

Lewisville (suburb of Dallas) just banned any new STRs for one year while the city studies its effects.