This is why i love BP where else can you go and find so much wisdom and insight among professionals in our industry that are willing to share their experiences.

Quote from @JD Martin: Quote from @Jay Hinrichs: Quote from @Matthew Drouin: Small wine town is all I needed to hear.Seasonal tourism is usually not a great industry in which to build a sustainable business.There are probably higher and better uses of your capital near high velocity metro areas.We have small wine towns near our city in the finger lakes region of western NY.  

Here are a few strategies that might help:- Leverage Industry Benchmarks: Many investors use a percentage of gross rental income as a quick estimate for operating expenses.

.)- Average days on market- Absorption rate- Historical data on rents and sale prices in the area- Population growth- Main economic drivers (industries, individual companies, etc.)- Crime stats... if you know specific zip codes/submarkets that you'd like to target, the best data will come from local precincts. - and more..I'd recommend remaining active not only here on BiggerPockets, but in other valuable RE investment networks that you can find - i.e. local meetups (meetup.com, eventbrite, BP local events). 

That’s why I shifted my focus to the Midwest, where industries are growing and property prices are still affordable.

In an industry where trust and reputation are paramount, RAD’s predatory and misleading policies are shocking.Additionally, I will be explaining to the FTC that RAD’s practices meet the definition of “Deceptive Practices” as per the Commission’s Policy Statement on Deception, which prohibits material representations or omissions likely to mislead consumers.On multiple occasions, I was told there would be no issues in accessing my funds.

Learn from your family and on your own by going to different meet-ups and having conversations with agents, other investors and anyone else in the industry to hear about their experiences.Make 2025 a year of planning and how you will go about that plan. 

You just can’t successfully operate in the real estate industry unless you master these concepts.  

By focusing on multiplying investor returns, we build lasting relationships based on mutual success.In this industry, it's not just about making money for yourself.

Curious how our self-managed 3-unit STR/MTR performs with industry expectations.