I'm in a beach area where Sat to Sat rentals have been traditional for 100 years, but not any longer since the rise of Airbnb (and less control by local property management companies).

I take a percent off of total top line (including cleaning fees) that is 5-10% less than what a local "hands on" operator would charge.

If you're investing in real estate out of your home state don't you have, at minimum, a Realtor, Contractor, Property Manager, Lawyer, etc. in the state where you're looking to create a local presence?

You can learn the local market without the stress of a major rehab while you start building relationships with property managers and tenants.

The buyer pool is beyond flakey..Your best bet is a local investor.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

I currently pay a premium price for my turnovers for a local cleaning company that specializes in STRs.

All super helpful - and a good reminder to lean into the context of my local market.

This often means a smaller down payment and lower monthly payments compared to a traditional bank loan, especially since the seller may not be tied to the high interest rates banks are offering.Another option is a land loan from a local credit union or bank.

Also know where your local laundromat is and what the pickup/delivery service is.