Good luck with your investing and feel free to reach out if you have any questions or if you need any help underwriting a certain deal.  

Yes, I’ve got a mortgage on it now, but my cash flow went from only $1000/month to $2400/month and I picked up 3 more properties basically for free with no out of pocket cash to buy them. 

But, these broad market studies are so large, they are almost meaningless, in the real world.Between glut of new supply in many "hot" markets coming online, a continually softening economic outlook, inflation over last couple years making day to day items feel cost prohibitive, many average renters are strapped and seeking lower cost housing.  

There's so much information here on BiggerPockets as well as the podcast and books and other websites, books and blogs too that are either free or very cheap. 

It's great for cashflow and our entry level costs are lower than a lot of other markets.

Also factor in if the rents jumped a lot and if that would lead to a vacancy, which will cost you more in the short term. 

The best place to start is with a spreadsheet that has every every cost itemized. 

Welcome @Pratik Patel, feel free to reach out if you need anything!

This motel has been great for the last 4 years, constantly filled, my manager lives on site and gets free rent for taking care of the property, filling units and collecting rents. 

We have also negotiated attractive loan structures with many lenders including reduced fees for our community, free refinancing, lower rates, unique portfolio options, etc.