.: I have a deal in a luxury market where I am looking to renovate a 5,000+ sqft house that is a bit outdated.

For example I have a unit in Nashville that has been sitting on the market for months.

With strong market demand, it sold the same day for $185,000, resulting in a solid profit.

I would say ads are better than cold calling as its inbound vs outbound marketing and most people do not like to be called.

I am based in Chicago but also looking at Indiana and Ohio markets since I am starting off, don't have as much capital available and those markets tend to be a bit cheaper.

If you watch the market every day for a couple weeks, you'll quickly learn what is renting and what is sitting on the market.

Many out of state investors look to the Midwest/midsouth to capitalize on the opportunity in these markets. 

Hi Andrew, I pay about 9 or 10 per listing for pricing, and additional 10 per listing for the market dashboard to look at comps. 

And then you got the vacation rental market.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.