They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

@Brittany MyrickIf I were getting started in real estate investing in New England, I’d focus on researching local market trends, especially job growth, rental demand, and the broader economic outlook.

Low value markets might be Pennies on the dollar like you allude to. 

Absolutely, the passive income from owning rentals is great but I also love getting into big projects and seeing the transformation from start to finish@David Jesperson What city/market are you looking to buy and what type of properties are you looking for, SF, 2-4 MF, or 5+ MF?

This doesn't seem like a good marketing strategy to me though. 

Often times, if they come in through VRBO or AirBNB, they are looking to get something at below market rates or market.

Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.

I would check your market analysis.  

Hello everyone, I am analyzing the Indio, CA market as a short term rental investment and we'd love to speak to someone who is self managing their own vacation rental.  

I would confirm by seeing the product then going out and checking comparables in that market that have sold.