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.

Kiyos is a shell contractor who performed over a million dollars of shell work and never got paid.  

I l like to make my deposit on their website and then call on the phone or send an email to place my order.There lists are very accurate.

Don't mean to be a boomer (or more accurately a Gen Xer) crapping all over the new tech, but the unvetted use of ChatGPT to answer nuanced, grey-area questions can lead newer investors into dangerous territory. 

If my logic is faulty and I have to perform deprecation, could you please advise me the number of years that a fence has to be depreciated?

@Joel RiveraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

If your contract with the buyer has a drop dead date and they do not perform you can move on.You also need get get POF from your buyers and a non refundable deposit.

Curious, how do you research if a multi-family will perform well as a short term rental?

It just means you have to pull numbers yourself, but they won't be as accurate as Airdna, Rabbu, etc.

If it is performing well, the buyer pays fair market value for the home and enjoys the benefit of some future income with rentals you already have booked.