I'm actively searching for my next investment and would appreciate any advice from seasoned investors and developers.

Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.  

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.

This is because REPS reclassifies rental losses as non-passive, allowing them to fully offset active income.

It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

I am actively expanding my STR consulting business!

Search for the BP podcast episode with Jude Bernard - he is very active in NYC.

I am active duty military and plan to use the property for deployments/holidays for my family to stay near relatives until I separate in 4 years, then to use that property as one of several future investment properties.

@Audris TienIt Is known in the industry - read the website - logically two people could not manage $1.4B in real estate?