This is where I would focus, as these are the same attributes that attracted those responsible for the larger projects like the Bellweather District you mentioned in your initial post.With your budget I would recommend NW Philadelphia (Germantown and Mount Airy in particular).

The better theming will attract a higher quality customer that understands the value.

@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.

Multifamily Millions by David Lindahl is a good book to start with as well, although he grows out of the smaller stuff quickly.

Gettysburg PA is a very attractive place and attracts a lot of tourist that now many retired people have started buying houses to live there and the prices of houses have gone out outside the Downtown.

And you’ll be much more relaxed too bc  you won’t have to deal with 1 million house problems and annoying guests 😂😂😂I think some people are diving into STR because they think it makes them look cool, or they want a cool side project.

For reference, we currently build 1 million homes per year just to keep up with current demand.

First month free only attracts people who move every 12 months.

So, with the house now worth $2.2 million, they’d only be taxed on $1.35 million of the gain after the exclusion.2. **1031 Exchange:** Just a heads-up—1031 exchanges allow you to defer capital gains taxes when you sell a property and reinvest the proceeds into a "like-kind" property.

Pitching them on your track record and offering them a passive role with attractive returns can be a solid way to bridge the funding gap.Shoot me a message if you want to talk more, I’m always looking to align with people making bold moves in this space!