That was a substantial discount compared to my friends who were paying 2k+.

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

I recently helped a friend who was in a similar position - looking to tap into equity for a rental property purchase in Phoenix.

Quote from @Dan Grove: Hi friends,I'm starting to build a portfolio of long term rentals using creative finance. 

Do you see friends? 

Hi @Michael ElliottWe have financed about 15 STRs in Encore for a client and I have another friend buying the second largest unit and the largest lot there.

I navigate through cities and towns, identifying areas that are both friendly and challenging for STRs.

You can also use BiggerPockets resources to find investor-friendly lenders.## Strategies: Flipping, BRRRR, House Hacking- **Flipping:** Focus on properties that need renovation but have good potential for resale.

Choosing an STR-friendly area can save you significant hassle and protect your investment in the long run.