Quote from @Matt McNabb: I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.  

Buyers in this space are more strategic, so having a solid buyer list early helps.

With patience and a solid plan, you’ll be on your way to building a successful portfolio.Good luck!

There are a lot of markets with solid job markets, strong populations, solid rent growth, but when you are talking ONE property, unless you are considering highly rural areas, it likely doesn't matter.  

You need to have a solid understanding of the business as a whole.

No Personal Use: You or family members cannot live in or personally use the property.2.

Here’s how they approached it:1.Scraping Listings: They used web scraping tools like Beautiful Soup and GPT APIs to scan Airbnb for properties in their target areas.2.Image Analysis: They trained an AI model to analyse listing photos, identifying homes with solid potential (good structure, layout, location) that were undervalued due to low-quality photos.

By leveraging our expertise in pricing and buyer demand, we identified a deal that required no renovations but still yielded solid returns.

Still, it offers solid cash flow potential, especially in multifamily properties with cap rates around 7-9%.

Personally, I think I would stack some cash for a year or so while I did this.