Our first year out was crazy good renting for $3300 when market rate was around $2100, but by mid 2023 and 2024 it felt harder.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It will hit hard on renewal and shopping for a new carrier.

That’s a small fraction of what all that would cost in my market.

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

I am always on the lookout for off market properties around the Sacramento area.

We are always priced under the market average for properties, as we prefer a slightly higher occupancy rate over a higher nightly price.  

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.

If fully updated, market rents could be 5K a month plus utilities etc.The office space is currently being used as a medical office and it's a block from the hospital so there is always a good pool of rental candidates. 

With this type of YOY growth, you can re-invest you equity into upstate or OOS markets (i.e.