That said, location matters a lot.

Also keep in mind that many of these vacation locations have began changing enforcement and regulations for STRs so make sure to research a lot about pending legal actions and public sentiment of STRs in any market you want to enter and formulate several exit strategies to protect yourself in case there is a shift in the market there.

The goal is to mitigate the risk as much as possible with finding a good location and solid property.

When I had located this particular duplex I contacted a local agent to represent me on the acquisition.

My personal property is located in pennsylvania and my friends who are foresters have told me I have oak and hickory that are 250 years old which is unheard of in PA. if I were you.

Otherwise, any SFR will probably need a fair amount of rehab and/or be located in C/D neighborhoods.

You aren't necessarily building that much equity (cost of building exceeds the value) but it is a third option that is a hybrid.Another factor is location.

Also I Would like to meet people around the pittsburgh area about real estate, currently most of my properties are located in florida, (have 3 here)..Westmorland County.

Just, "that's the next cave" over.I joke because you live in the best of times to locate properties, all we had were cars and feet, to drive neighborhoods and locate deals.

While I acknowledge that Long Island may not currently be the most optimal location for the BRRRR strategy, I am eagerly exploring opportunities in the tri-state area, including New Jersey, Pennsylvania (with particular interest in the Poconos), Connecticut, and beyond.