When I see newer people expecting to find full cash out deals from out of state sourced from a wholesaler or agent I know they are setting themselves up to fail 99.5% of the time.

I would also join every FB group for investors, from local to California, and post the package there as well.

@Marshawn Moore Thanks for posting this.

Just wanted to make what is the first of many posts and say hello to everyone :) If anyone has knowledge of multifamily investing in the New Orleans or Baton Rouge area (or is on a similar path), feel free to connect!

Some folks have already given good advice, and I want to add a quick tip for how to get data on potential STR properties.

I’m currently a student and just requested a full refund.

I would check and see how many 1 bed and 2 bed options there are and what they are priced at because most folks will prefer the full place to themselves so rooming 2 people together could make getting bookings a bit more difficult (not always the case but something to consider)

If you have any tips or resources for a beginner like me, I would greatly appreciate it.

I know it has been a while since you posted this and while my partner and I have both established HELOCs, I have been thinking again about what you said here.