I have been narrowing down some markets and trying to explore/research more and network.

Perform due diligence by reviewing the financials, market trends, and property condition.

Being in the Austin market gives you a great advantage since it’s such a hotspot for investors.

Study the market.

Quote from @Devin James: We’ve slowly been improving our homes the more we’ve built and the more feedback we get from our Buyers2021 – Added 8ft doors throughout the home2022 – Added a new elevation with stone in the front of the home2023 – NO carpet in the bedrooms, LVP throughout the home2024 – Added hurricane impact windows & new color options2025 – Adding Ceiling FansGotta be open to feedback and adjust accordinglyThis can be the difference of your home sitting on the market for 4 months vs 1 month where's the modifications and pictures?

I come from Europe too, and I know it can be overwhelming when you look at the real estate market in a new country and with completely different building technics ( sticks instead of bricks), but is not as bad when you have the right team in place. 

Note at “standard” MLS market rent to price ratio, the property tax alone is ~20%.

Given the fact that the Baby-Boomer generation is retiring and interest rates are high (making a buyer's market) I should be in a good place.

I'm really looking forward to your blog and hearing about your experiences in these markets.

The STR market here has become way more saturated and competitive especially in San Juan.