It gives you insights into occupancy rates, average nightly rates, and revenue potential in your target area. 2.

Use depreciation on rental properties to reduce taxes further, and consider 1031 exchanges to defer capital gains taxes.

Thank you so much for the advice and insight!

I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon. 

Market insights and understanding the rental rates in the neighborhood.

If anyone has advice—whether it’s general tips or insights about these markets—I’d really appreciate it! 

Quote from @Ryan Bono: @Max Shaw Hey Max, I appreciate the insight there.

We would like to connect to exchange our experience.

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

Thanks for the insights Mya!