Quote from @Blake Hanson: Quote from @Erik Acheff: I know this is an old post, but I can not find an answer online.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Sometimes the tenant just doesn't know about them or their situation limits their ability to apply.

Know your #'s, cut the fat, focus on quality. 

Jim Let us know if you are still interested in the group and sharing of information.  

We all know that properties kept going up until mid 2022.

If you know any other investors or wholesalers please let me know.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

My biggest advice when designing a vacation rental is to truly know the daily activities, habits, and needs of your target guests.

Would need to know about locations of your buildings and current rents to see if there is anything that can be done now to get numbers a bit better.