If there are any owners on this forum that have any first-hand experience with STRs in the Kissimmee area?

Those sounds like great rentals and vacancy rates have been decent - our management team only has a handful of vacanies out of the 300+ we oversee, thankful for that.

Personally, I started investing in both single-family and multifamily without joining any coaching programs.

I would give her two weeks to move everything out and hand over the keys to an empty apartment.

What’s your game plan for managing the park — hands-on or hiring a property manager?  

Dallas on the other hand has more growth potential in certain markets in my opinion.

On the other hand, with an appraisal near the purchase price, that should be enough in this case.

That being said, if it provides me a significant advantage or a starting point, I think it would be foolish not to utilize it.Therefore, given these two different perspectives/starting points, I'd love to hear any potential advice on which strategies/niches to focus on first, and for which starting point.

@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.

Hi Michael, Using a HELOC to fund your first rental can be a smart move, especially if you want to keep your cash on hand for other expenses or future deals.