Like many in the STR community we has switched our target from STRs to Boutique Hotel investing.

Acquisition Target: $730K-$780K; ARV: $900K; Repairs: $120K.

If you're targeting Section 8 tenants in Chicago, I'd suggest listing at the fair market rent of $2000.

Target Price: $575K-$589K; ARV: $630K.

What financial targets do you have?  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.

Hi Srikanth, I’ve been investing in Cleveland neighborhoods with a similar focus, targeting properties that align with appreciation potential while attracting quality tenants.

It's shifting to a model of a big anchor, a Target or a Costco, and lots of little businesses in that same shopping center. 

Ask them how well they know the neighborhoods in your target market.It all boils down to their experience working with out of state investors.