Establish connections with experts in the field, including wholesalers, bankers, contractors, real estate brokers, and seasoned investors.7.

This can lead to higher occupancy rates and rental income potential.STR Potential: The short-term rental market in South Florida is thriving, and Hollywood is well-positioned to attract vacationers and business travelers.

My wife and I currently invest here and in Kcmo but want to get to know this area and establish solid boots on the ground.

If you are in a hot and thriving vacation rental market, it might be possible to have it hands-off with a turnkey STR PM service provider! 

I've come across several sources suggesting that purchasing an established Mobile Home Park (MHP) might be a more advantageous approach than constructing a new one.

It's important to do your due diligence and research the local market, as well as establishing a strong network of professionals to support your investments.Ultimately, the best deals are the ones that align with your investment goals and provide a good balance of cashflow and potential for long-term growth.

For our first-time OOS experience, we established a Nevada-based LLC Then we started investing in the MidWest, SouthWest & SouthEast. 

Hey Divya, Columbus' thriving market and affordability make it a promising location for your cash-flow focused portfolio.

Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed. 

The economy is thriving in several areas -- pharmaceutical, medical, IT, Distribution centers, manufacturing, government defense, sports, convention center -- a wide variety, so we aren't depending on only one type of industry.