Finding a PMC before you go under contract is vital because they will understand the rental market better than any agent - pricing, areas, types of properties that rent better, amenities, etc.

@Brandy Westthis is exceptionally risky. 

There can be exceptions, but that's probably 80% of the raises i would guess from what I see.Of the others on this list I've only been to TWA events.   

(The only exception would be dealing directly with a credit union who may have slightly lower rates.)

I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending  on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.

I would recommend at least networking with 100-300 people via forums and/or zooms before you drop any money on anything (books are the exception, get plenty of those if that works for you as a learning tool).

They went from losing money to six figures net profits a single month the owner attributes a lot of that to me I don’t get over here very much anymore anymore I’m not real estate except owning my own house oh yeah maybe I should tell that story one day I sold three houses since any of the post that were down here one of them cleared about 500 grand.

Guarantee you will find more S8 tenants than cash tenants, but they may wreck your house.So, that leaves either STR or MTR strategy.If you can do that for the next 2-3 years, you can then either keep it as STR or MTR if all is going well or sell it to get the $250/$500k capital gain exception.

It's just as expensive as the CA market but the economy here is exceptionally great! 

(my house was underwater completely except for the crest of the roof) ALso, the city wasn't letting anyone back on the island (even owners) for like 14ish days (I forget the exact number), so ALL of the non-raised houses were full of mold by time anyone was allowed to go in and start doing things.