Perhaps the appraisal comes in higher and this target is achieved even at 65% LTV. 6.

There is also an opportunity to target the rental market with renovations that cater to both families and young professionals given its large, diverse population and proximity to educational institutions.Enhance properties to appeal to families and young professionals, focusing on durability and functionality, such as open-plan kitchens and multiple bathrooms.Example Investment: 130 Benedict Ave, Syracuse, NY 13210130 Benedict Ave, Syracuse, NY 13210 | ZillowLocated right next to the Syracuse University, and currently rented under market for $1,200 a month.

Would post in as many local or national groups (for you target clientele as possible).

My target markets are AZ, FL, and TX, other than being nationwide.

It is also a rather large county that could take some time to get across so the location you want to target could effect what type of property manager you will want. 

Once you locate an area, dig into the average nightly rate, create a spreadsheet that calculates average occupancy (AirDNA can provide this) along with average nightly rate and begin plugging in properties & expenses in your target area to see if these align with your goals.

Having a target audience and adding value to that traveler will be most important.

May,If you are going to target Maricopa I would suggest focusing on 2-4 unit multifamily rentals.

I have put together a "packet" for the appraisers before when they come on-site that shares details about the property (rents, square footage, etc..) and I also share a few "target properties" (aka comps) that I modeled after as a "suggestion" to them.

Lastly, set deadlines to monitor progress.Once you've established your achievable goals, the next step is to assemble a reliable team in your target market to support your success.