Tools like this helped us determine that retiring in the Memphis Metro area was good for us and has helped form our investing strategy, mainly SFR and some commercial spaces (flex, studios, small office).

A couple thoughts on your question:I tell our STR investors in Colorado that their main goal should be to set up the right way right out of the gate.

Look for mixed-use properties with a Main Street vibe or location.

In FL flood is typically the main cause along the coast.

I am a smaller Main Street Type investor and have created/manufactured SFR notes as part of my fix-n-flip program for many years.

A tidy profit, plus confidence to tackle the next project solo.On the topic of self-directed IRAs: While they’re fantastic for gaining experience and diversifying into real estate over time, they can feel restrictive if your main goal is scaling quickly.Here’s what I’d focus on:Using Equity Wisely: A HELOC or cash-out refinance could unlock funds to pursue a flip or duplex without touching your 401(k).Partnering Smartly: Your realtor friend sounds like a great resource.

I don't plan on selling; I'm mainly just curious how people make $ in these markets when rental rates are on the decline since COVID.

Hi Paul,The main risk with buying a wholesale property is that they're usually sold as-is with no contingencies.

I think the main thing I am learning here is to adjust the profit share between myself and my private money partners.

The main factor is will rents cover the debt liability and can you sustain 3-4 months of no income to cover the debt?