It’s a vacation destination with steady year-round tourism, and there are opportunities to find properties that cash flow well, especially centrally located condos or single-family homes in the $250k–$350k range.That said, the "right" market depends on your investment goals.

I think that equity gains in good areas tend to outstrip the value of cash flow in the long term but if you're pumping money into a rental property you're going to need a hell of a lot of equity to make up for not only the additional funds you put into it, but the opportunity costs lost in that money and the money that's in the property. 

I love real estate as an investment opportunity and currently have several rentals.

Whenever my kids show an interest in something productive, I try to use that opportunity to teach them a skill that they can take with them.

I have been an agent for 35 years and started my investing career many years ago and am amazed that so few agents take advantage of the leverage and opportunities we have over others to build wealth and passive income. 

I agree that many transactions shouldn't be done simply because you can.However, out of curiosity, if you had the opportunity to buy a $hit property with golden financing & then immediately sell the $hit property but keep the golden financing & transfer the financing to a great property would you consider it?

Hey Don,Sounds like an exciting opportunity!

Looking to hear any ideas, how one would tackle this opportunity or what would you do other than raising rents slowly and sitting on it to refi or wait on appreciation.

Make sure you've got cash reserves for closing costs (around 2-5% of the purchase price, repairs and maintenance (aim for 1-2% of property value annually), vacancy periods (budget for 3-5 months of expenses), property management (if you're not self-managing), emergency funds for unexpected repairs.When choosing markets, look for those with stable job markets, growing population, and strong rental demand.

Anyway I started looking at a different passive income business opportunity with a solid mentorship in place.