Hi Ashley, fellow New Jerseyan here.I want to address a couple of your assumptions here, especially as they pertain to the CNJ/SNJ market:1) Rentals are in huge demand everywhere in NJ.

It has to have the dedication your restaurant demands or it will never get accomplished.3.

With effective management, properties in the right neighborhoods can yield handsome returns, potentially meeting or often exceeding your 7-8% net target.Regarding the most attractive area:Each neighborhood you've mentioned offers unique benefits:Miami Beach: A world-renowned destination with high demand from tourists year-round.

Hi Kevin,I'm a big fan of buying with cash and my thought process is quite contrary to everyone else's.Cash is KingCashflow is QueenLeverage can be a peasant lolOne can retire investing in Toledo with $1m in cash.Off-course, this all depends on how many villages you need to feed 🤓I have too many "villagers" on my back so it's a bit of a different story for me.Sub $100,000 markets like Toledo require volume to work and to be worth the risk if you are looking to buy and hold.Not much growth potential long term so I would consider it a strict cashflow play.Start slow and small and you can always scale up once you learn the market.Or call it quits and exit if you decide it's not for you.IMO, leverage should only be used to scale a portfolio and only after you have immersed yourself enough in a specific market.And only once you have decided that you want to stick around in that specific market and invest in it long term.Over the years, I've witnessed many folks use leverage and attempt BRRRR out of state only to fall short and say "the market sucks and it doesn't work".Nothing works unless you make it work and a market like Toledo can work better than any other market I know from a cashflow perspective.I've been investing since 2014 and flipped hundreds along with currently managing 400 SFH.Only this year have I started buying small multifamily properties.It's an adjustment and a different animal but let's just say it's in the same breed of animal lolImmerse yourself in a specific market and become an "expert" on the numbers in that market.Find off market deals, negotiate hard, buy with cash and buy quickly.You make money when you buy and not when you sell so you must buy cheap.There are many ways to skin a cat mate and this is how I get my fur lolWishing you much success

Im in Central FL so we still see pretty strong demand.

This is happening across San Diego County (and also the state) as permitting departments catch up to demand and have gotten more experience.

Research local market rates to determine how much more you can charge; often, Airbnb properties can command 20-50% higher than traditional leases, but this varies by location and demand.

Higher maintenance and repair costs (even low to no skill workers demand 35-40% higher labor)This has led us to diversify our strategy and convert some of our units into MTR's instead of LTRs to increase margin.

Detroit is a strong market for investors overall, due to its affordable entry cost vs rents, growing demand and positive news.PM us for more info if interested.

A broader market demand can lead to faster sales and potentially higher profits when it's time to exit the investment.#6 Lower Maintenance Costs:In comparison to small multifamily properties, single-family homes with ADUs often have lower maintenance and repair costs.