@Brittany MyrickIf I were getting started in real estate investing in New England, I’d focus on researching local market trends, especially job growth, rental demand, and the broader economic outlook.

Yes, the 1% rule is getting harder, but hopefully rent prices will continue to increase as they have been trending.

Getting the system/team in place will be key once you start to scale with STR in your market.

•Key question: Does the average household size in your area align with your home (900sf 2/2)?

Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.

Buy and holds is the key to true wealth with all the benefits of depreciation, appreciation, loan pay down by your tenants, leveraging the equity, cash-flow etc etc, but it often times isn't the active income that pays the bills until you build up a portfolio and even then there's the tenant management or managing your property managers.That's why I'm involved in all 3.

We are in a safe community, so tenants can choose to leave the door unlocked or hide a key under the mat.

@Sakshum Kulshrestha The key to the rental license in Philadelphia is ensuring the properties zoning allows the use.

Having a great self-storage facility software for online management is key!!

Here are key questions to ask before committing:1.