Unfortunately, some PM companies do tend to focus on bigger portfolios, leaving smaller investors feeling overlooked.

When this happens, inflation-adjusted rents tend to decrease.

Of course, all channels can work.. from seller financing to foreclosures.. but from my 30+ years in real estate, I’ve found focusing on cash flow analysis tends to pay off more reliably.So here’s the big question that might help steer your next steps.. what do you think would make landlording less stressful for you.. a property manager, or maybe a smaller property until you get more comfortable?

The area is relatively stable, and the housing market tends to be less volatile. 

Some of my colleagues and friends bought millions, others tens of millions, and some hundreds of millions (or Billions) during that period.Real estate is a funny game - it tends to go up, yes, but it does not always go up, and it can go nowhere for a decade or more, as a lot of apartment complex purchasers from 2021 are about to find out. 

If you take that focus off the table and understand this is a very complicated business that tends to be really lucrative over the long game, you will be ok.

Even in challenging times, well-bought properties in strong markets tend to perform over the long haul.Key Questions to Ask YourselfWhat is my investment strategy (flipping, buy-and-hold, short-term rentals, etc.), and does it align with current market conditions?

For example, Southern Spain tends to be more affordable than the north, especially if you look at rural areas or small villages.

They tend to all have good incomes, little to no credit, and are self employed with lots of family.

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.