Discovery: I found this property through a local wholesaler specializing in off-market deals.

@Joshua Piche with little experience, it's better that you invest locally vs OOS - unless you want to invest a LOT of time learning another market and networking with th right people.Locally, look for a 2-4 unit property that will qualify for FHA 203(k) financing. - This will allow low down payment and the 203(k) allows repairs to be financed into the purchase mortgage.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

You must hire locals who are familiar and acclimated to the culture of the city you plan to create rentals in. 

there are ways to get guidance, especially if you are local.

Two of the casitas and the prototype are available to deploy in the local Las Vegas area right now and we are looking for a home for them.

But if they gov't changes to a 90 day minimum, you would have to operate as a 90 day rental or longer.And talking to local experts, if you want to own a STR on O'ahu, your safest bet is to buy a unit in a Condotel that is located in the "Resort" zone of Waikiki.  

Park managers and mobile home dealerships in the local area can also provide you with this kind of information.

Hi all, I am familiarizing myself with at the Albequerque market and wondering whether any local investors can shed some perspective on overall property values relative to rents in the area.

Locals know that and you can see that in DOM. 

I work for a local house flipper in the Greensboro area (Winston Salem).