Repair leak (in progress, finished by the end of next week.

Running an STR is infinitely easier when you live close by, and progressively harder with distance.

Investing in real estate is a multifaceted journey that demands learning, exploration, financial readiness, property evaluation, and risk control.

If you want some criteria to pay attention to I would suggest to use your "I'd be down to live/move here" list as a base and then evaluate the market metrics to see if it's a strong investment opportunity.

He did give me an idea of how the area has progressed over the years in which he did say it has been slow and somewhat steady progression when it comes to improving the neighborhood.

After doing much more research and hearing the opinions of other professionals, I've concluded that it's best to utilize them for smaller deals, refinance to pay them back in full so I can take over full ownership, and continue to progress from there.

My worst-case scenario is I buy an in-progress rehab all cash in a few months.

Additionally, evaluating your finances, searching for properties that meet Section 8 requirements, negotiating with sellers, preparing for Section 8 inspections, applying for Section 8 approval, and effectively managing your property are all crucial steps.

Evaluate the debt-to-equity ratio and consider the long-term sustainability of the financing strategy.Lack of Professional Management: Inadequate management practices can lead to operational inefficiencies, tenant dissatisfaction, and decreased property value.

Evaluate historical and current vacancy rates, aiming for decreasing trends.Demographics: For younger populations, focus on proximity to parks and schools.