My advice is look for a good 2-4 unit investment property that my be a little outdated or need some TLC/renovations. 

I am a co-host in Dallas and Waco, TX and I have an idea of what types of owners and properties I want in my co-host portfolio----and with each client/property I learn which qualities are working for my business setup or what qualities I need to be working on to upskill.

I plan to move down to Miami to be closer to more investors and a better quality of living.

Some theming is basic and some is overdone, try to be unique or at least high quality, not a place you want to skimp.

Saturation is definitely upon us but quality product continues to get booked just like other markets.

Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

It’s inexpensive to provide but can make a big impact.Comfortable Bedding: Investing in high-quality mattresses, pillows, and linens improves the guest experience and leads to better reviews, which can boost occupancy rates.Smart TV or Streaming Services: Offering Netflix, Hulu, or similar services is a low-cost way to enhance guest entertainment and stay competitive.Fully Stocked Kitchen: A well-equipped kitchen with basic appliances and utensils appeals to families and long-term guests, saving them money on dining out.Dedicated Workspace: If your property caters to remote workers, adding a small desk and ergonomic chair can set your listing apart.Outdoor Spaces: If your property allows, an outdoor seating area, fire pit, or hot tub can significantly increase your nightly rate and attract more bookings.Energy-Efficient Features: Guests appreciate eco-friendly options like LED lighting, smart thermostats, or solar panels, especially in eco-conscious markets.Keyless Entry: A smart lock is a relatively small investment but offers convenience and security, which many guests value.If you’re deciding on amenities to add, it’s always a good idea to research your local market.

Especially with me owning my own gc company, I am probably willing to take on some buildings with a little more tlc needed that may scare other investors or cause too much headache.

Im wondering if other markets might be better, with somewhat newer houses and higher quality tenants?

Maybe we got lucky in that department, or maybe it was just a quality built property.Happy New Year and best of luck in 2025.