Self management works if you are local and can separate emotion from business.

Have you investigated any local rental ordinances?

I’m getting ready to make my next move in 2025 and I’m contemplating on staying here and buying a multi family property as an investment out of state (only an hour away) which would be a lot less capital and have a lot more land lord friendly laws or buy another multifamily as a primary residence locally and hack that property I’m single and live alone.

Research local rental demand, especially from military and university tenants, and consider balancing your portfolio with single-family and multi-family homes.

Quote from @Morgan Leiviska: How I would build this database for you would be to connect with people at local meetups that you find.

Go to local meetups, search these forums for people that have mentioned that they do private lending and attend other RE events.

However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

Are you looking to invest in your local Market?

Once you have ran through about 3 months or so of this and penciled out 50-100 deals for fun, I would talk to a local agent and start the process of looking.

@Michael VelezThe best thing you can do is join a local real estate investing club.