I haven’t received the quote back for this place yet, but other similar properties we offered on were in the $4k/year range for insurance.

Initially I really wanted to do a STR down in North Padre Texas (as it is a place I have vacationed for years and have stayed in at least 8-10 of the STR in the exact complex im looking into, I see how my STR could stand out amongst the rest since Im huge fisherman down there and that is mainly what those STR are used as, already have boat rental option setup if I go this route, list of fishing and possible guides to go with depending on style of fishing, family, fun, hardcore wade fisherman etc etc and equipment rental available for those that do not have.), the places im looking at are decent $ properties that after running through calculators etc showing 18-22% CoC after management fees etc.But after listening to BP for about a month, now thinking BRRRR possibly and doing up here in the DFW area.

The only way I KNEW it was a good deal is I had been researching two areas for about a year. 

In case you missed it, Detroit' Mayor Duggan announced that the value of houses in the city increased 23% in 2024.In the last 7 years, Detroit housing is up over 300%!

These figures are updated every Federal fiscal year which starts October 1. 

@Marcus Retter welcome to BP.It's a great community.I've been investing in Albuquerque for 10 years, and you can find some good deals there.Personally, I live in Santa Fe.There are several active Meetups that you can join to get around to other investors.Networking is really important.Get out there and make connections with other investors; that is how I got started. 

I'm a new property manager, have been hosting my own house on Air BNB for just over a year.  

(But not for a “I’m going to live in it 50 weeks out of the year and rent it out two weeks”, IMHO, if that was your idea.  

I have one rental property in San Marcos, CA (North County San Diego), which was my primary residence for several years before I moved to Orange County.

@Nida Kazmi   So it has been about a year.