One of the strategies I picked up early to utilize was renting by the room.

here's a plan for you:-find all the REIA meetings within a 2 hour radius and go to all of them. pick the ones you like best and go to those every month or week or whatever.

I'm looking to pick up my first property and I'm trying get a good deal on it, so I've been cold calling distressed sellers in the Houston area. 

Try picking a market, building a reliable team, finding consistent deal flow, analyzing properties, building relationships with lenders, and producing consistent and profitable exits.I’m happy to extend any personal anecdotes regarding my experience to anyone who reaches out.

Kinda fun tbh.I ended up having 2 people just from talking and lifestlye (pets, kids, jobs), I picked one as they have a more consistent income and did a vetting on credit/background for around $40.Within 3 days, the vacancy was filled.RenovationNo property is perfect.

It’s a bit more boom and bust than the rest of the country.throwing out a number here, but I’d be willing to bet 75%+ of STR owners either bought well, bought with a long term view, or enjoy personal use and this don’t really care about the next few years.I mean, pick your asset class, shame on anyone who tried to get rich quick on a short term time horizon.

I said: "No, pick if you want a discount of $300 per month or if you want a fake grass instead" , she still has not signed the lease.

They may boost the value of the property and make more money when they sell or rent it by taking on the job themselves or by picking up new skills.Constant Learning and Adaptation: Investors frequently improve their ability to see opportunities and overcome obstacles as they acquire expertise and expand their portfolio.

We have a transportation business that picking up and I would like to use some of the cash to invest in some rental properties.

I’m surprised no one else picked up on the pictures the op took of people sleeping on the couch before they had cameras installed.