I could write a whole book on this topic, but this is what came to mind.3) There are a few factors that I consider when picking the city.

Hey @Spencer Cuello, so you will find most of us aren't fans of arbitrage.I see you listed NYC so you know that you can't do a STR in the city unless you live there.IE: You need to be onsite, living in the same unit you are going to rent.As per usual...

I see mostly out of state or out of country investors working with New Western in Birmingham because they don't have the knowledge of the city and surrounding areas.

When looking for cash flowing markets.. a lot of investors, including myself, are looking in cities like Cleveland.

One of the most violent cities in America statistically speaking.

None I could say with confidence without knowing more details on the borrowers experience, property type, city, and project numbers (PP, Rehab, ARV).

After that I moved out and did Airbnb for 4-6 months but struggled keeping up with it not living in the same city anymore, so I switched it to a long-term rental.

It is very easy to save money working in public accounting.I forgot what my dinner allowance was working at the big four 5 years ago in a major city(I think it was like $20?)

Typically, most cities allow for 30 day minimum rentals.

If you have a 20 year timeline, I'd probably recommend B areas closer to the city or in the better school districts in the suburbs for the highest combined ROI over that time period.Right now you can expect to find decently turnkey multis for about $60-$125k/unit usually all at least hitting the 1% rule in that range.