Plus, there's really only comfortable parking for 1 extra car. 

Our focus has been on creating high-quality, cash-flowing properties designed for investors looking for solid returns.While we primarily concentrate on vertical development, we’ve also started exploring horizontal development in certain projects as we continue to expand our footprint.

I like to buy properties that I would feel safe and comfortable living in personally if I ever needed to live there.

Hope this helps everyone.Proper InsuranceProper Insurance is a leader in the vacation rental insurance space, offering policies in all 50 states.SafelySafely provides dedicated vacation rental insurance with additional services like guest and home background checks.CBIZCBIZ is known for its comprehensive vacation rental insurance solutions for both everyday hosts and larger-scale property managers.Rental GuardianRental Guardian offers flexible plans tailored to hosts' budgets, including options for international properties.InsuraGuestInsuraGuest provides specialized coverage for vacation rental properties, including accidental in-room property damage and theft protection.Red Sky Travel InsuranceRed Sky offers insurance products specifically designed for managed vacation rental companies, with packages tailored to different destination types.

Make sure you're comfortable with these and have appropriate insurance coverage.Ultimately, the "best" location depends on your specific goals, risk tolerance, and how hands-on you want to be.

I advise clients not to solely rely on AirDNA data for performance analysis as there can be some variation based on amenities such as hot tubs, premium decor and design and general operational excellence. 

. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

If the issues seem overwhelming and beyond your comfort level, it might be wise to pass on this property and look for a newer one that aligns better with your experience and budget.

The designation for Certified Cost Segregation professional is CCSP and comes after the engineer’s name.