So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

If you are hiring a PM, then it's not a big difference either way, but if self-managing you don't want to go much bigger than you have been or you may not be able to do all the work.

Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.

The solution would have been to sell this once you got it, and net the difference.

It showed me the significance of developing systems and processes that propelled my different ventures.Another book that struck a chord is Can't Hurt Meby David Goggins.

Is STR insurance different from home owner insurance?

Another question I like to ask owners is "How does your property differ from the other properties?

I tried attending some local meetups, but like you mentioned, most were focused on investing locally or a random mix of different strategies—fix and flips, short-term rentals, you name it.

But, a fair deal and a good deal are two different things.

The Fannie and Freddie programs handle this issue slightly differently.