Subtract more for AirBnB charges, local management, repairs, cleaning, etc and there is not a lot left to pay the mortgage. 

I believe in finding a local property property manager in close proximity to my properties.

The markets I'm focused on for my next MTR are my local market here in NC as well as Colorado Springs.

In my local market (College Station, TX), high rates in 2024 already caused a big jump in inventory, which created some good buying opportunities.

Personally, I love them because they offer built-in diversification.In my experience, local banks are your best bet for financing mixed-use properties.

Quote from @Steve Lehman: @William VreelandAs a local Indy Investor and RE consultant I have been flowing the IHA development closely to see what kind of developments have been happening.

I’d check the local market to see if there’s a steady demand and compare the potential income with what you're making now to see if it's worth it.

here is what Showmojo shows in their market research and I would say our local numbers show this out as well. hopefully the 2024 line takes a dive down but historically that is very unlikely.

Hey @Ryan Irwin thanks for the reply, would love to know how this deal plays out in your local market.

I recommend finding local meetups to attend. https://www.biggerpockets.com/forums/521I have found all of my best connections at local meetups.