The location in Morganton, with its growing rental demand, made it an ideal candidate for this type of investment.

-- I know every location probably different but normally how long the process take?

My other investments focus on the mid-term rental space, and I’m drawn to Jacksonville to stay near hospitals and schools, which are essential for my target demographic.I’d love insights on the strength of the current market here, any projected trends, and tips for making a solid investment in this location.

Located in Morganton, NC—a market with rising demand—the property presented the perfect chance to add an ADU, maximizing cash flow and leveraging underutilized space.

@James KieferRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I personally believe rates will slowly come down to long-term historic averages in the mid-upper 4% range, but I don't think cap rates will compress much under 5, and that is going to be for the best product in the best locations.  

I'm located in Riverview (Tampa) Florida. 

Where was this deal located? 

In what part of the country is it located?  

Would like to get help with finding a good deal and a location to implement the famous BRRRR strategy.Excited to learn and connect with you all!