I do out of state investing but I studied the market over 6 months and spoke to several agents, contractors, Sphere of Influence before jumped in.

The most common ways(and maybe only ways currently) to cash flow here are large, high priced & high performing STVR's, or multi-family properties.

Needless to say, link up with someone who owns STRs in the respective market to see how their properties have been performing over the past 2-5 years. 

This is a nuanced topic with several factors that can influence the outcome.

We have a company that buys Non-Performing Loans and, as a secured creditor, we love seeing BK paperwork.

And even those aren't really passive because you have to be consistently monitoring the performance of the vehicle to be sure they're not running it into the ground, participating in capital call discussions, etc.

I need to perform a cost seg study on my short term rental which was newly constructed during 2023.

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

Use an inspector to perform a building inspection that checks all of the components of the home including the electric, plumbing, foundation, windows, roof, hvac, water heater and other appliances.6.

Without sales I can't measure how they are performing with rent to sales ratio.I won't rent to no credit tenants that will not disclose sales.