At the end of the day, Panama City Beach and Destin offer more potential for consistent returns, fewer regulatory headaches, and the added perk of a beachside escape you can actually enjoy.

For me, I'd rather have fewer doors owned outright that allow me to achieve my personal financial goals than having a large number of doors fully leveraged with less cash flow per door.

Cheaper properties tend to be in more challenged areas where residents where the clientele just isn't as consistent over time so there's more time, effort and energy spent chasing no payers or late payers and finding someone who takes care of the property is much farther and fewer between.

That being said you can make that kind of money with fewer properties but you would need to do more intense work and higher risk Short Term Rentals, co-living, or Section 8.- My Strategy: I'd like to buy and hold residential rental properties.

Price will be reduced to 1800 for the time being, which is competitive it seems with nearby properties based on the time of year.Fingers crossed!

US population growth slows and fewer new households form, which is probably not great for RE investors; and 2. the Social Security trust fund runs out.  

While this amount of evictions seems higher than normal, even for a rough area, in general low end areas = fewer qualified tenants = more tenant fraud and more consistent evictions.

As the slow months come I remembered to update you guys, things are going swell, my bookings are slowing down in occupancy but it is outperforming the local airbnbs near by thus far occupancy-wise.

Expanding to nearby areas with lower costs and strong rental demand can also make sense.

The MTR (midterm rental) strategy accommodates for people looking for 30+ day stays.I think you have a solid location with two stadiums nearby, now it's just a matter of tapping into the demographic/market for people looking for housing.