Older properties can be picked up for < 50% of ARV and go up in value in rapid ways with urban renewal efforts … I’ve seen this happen time and time again and so it’s worth saying, diversification is ideal.

There is something to be said for knowing your ideal avatar, but you are taking on a lot more red tape and a lot less learning possibility.When you are a non-local investing out of your area, you are a mark for every deal out there.

Yes, looking for another property now, ideally one where I don't have to live in a closet

Ideally, looking for turn-key properties

I've heard of people doing this, but you need to be rehabbing it enough to make it higher value so ideally you need to be purchasing something that needs some rehab so that you can increase the equity because otherwise you're not gonna have enough equity to pull out

I definitely need to do more analysis in terms of comparing against other rentas in the area and ideal beds and heads count. 

I understand that it is less than ideal, but it is reality. 

., desks and Wi-Fi for professionals, cribs and baby gates for families).Evaluate Your Own SpaceYour property’s layout, amenities, and location may naturally cater to a specific audience.A cozy 1-bedroom apartment downtown might be ideal for professionals or couples.A 3-bedroom house with a yard might appeal more to families.Proximity to nightlife might cater to party groups.Experiment and AdjustIf you're unsure, start broad and monitor who books your property.

We have a few markets we target outside of California, but obviously if you want to stay close to home, Sacramento would be an ideal choice.

Ideally, you want something in writing, but that is probably unlikely since no one will want to stand behind a not-yet-final number.