The location where you invest determines all long-term income characteristics essential for achieving and maintaining financial freedom.

The first rule of gambling is that no single loss can wipe you out.

Once you have more than enough income stream from the US, taking some riskier gambles abroad may make sense.

Considering the fact that you already have a lot of equity locked into MFH that's essentially sitting at ~5 caps, I would think about diversifying a little bit and try to pick up some decent quality C SF housing that is a gamble on appreciation but can have some stronger cash flow.

Are there specific characteristics or features you prioritize?

Let’s talk about what people want in their STR that allow them to then pick the location of their property.There are several defining characteristics that truly make an STR great.

Hard money lender refers to the characteristics of the loan being made; Private lender refers to the characteristics of the lender making the loan.  

And most of the value in the opportunities has been scaled off by all of the other players.Ok I’m gambling on the other side….

You might be able to find some materials online but you gamble on the quality.In my case this is what I follow:- Construction material locally so we quickly can resupply - Flooring locally (I find better prices and service this way)- Plumbing locally (I bought online for my first remo and quality was really bad) locally are more expensive but I don't gamble anymore as plumbing is something that is always a time constraints to complete and continue other works.- Electronic fixtures like fans, etc online.

People who can't, or won't, afford to pay up for excellent representation will be gambling with the biggest purchase they are likely to ever make in their lifetime.