But if you think there is a large recession coming, than you sit tight, continue saving so you can buy more when the timing is right, and hope your insights are correct on where the market moves.

Any insights are much appreciated.

**Additional Tips**: Any other advice or insights related to landlord insurance that I should keep in mind as I shop for the best policy?

Looking forward to your stories and insights!

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

I live and work in Nashville, TN and would be happy to share any insight on this market if you are interested.

From there I look at changes over time, a lot of times the STR data can give you a lot of insight on MTRs.

If I NEED to sell within five years, this calculation provides insight into the real-world return that incorporates these vital aspects of the investment.I want a balance between steady cash flow and long-term appreciation potential. 

Hey BiggerPockets Community,I’m looking for your insight and feedback.

Thank you so much for the insights!