I would say that a good strategy would be to first select an area that you actually want to invest in.

It is crucial that you select a company that provides a “quality” cost segregation study as determined by the IRS.

I know that varies but he just has selective empathy.

@Ryan Irwin Hey Ryan, That’s an impressive project, turning a nuisance property into a double flip is no small feat!

Never buy without personally inspecting and approving the property and INDEPENDENTLY, INDEPENDENTLY, INDEPENDENTLY, verifying everything from values to market rates, to approving tenant selection procedures and standards, to repairmen on standby, to everything else in Christendom that you can thing of.I am not a fan of out-of-state investing, especially for those with less than 50 years of experience, and for them, they’re probably too old for the hassle. 

Pretty much the core of the STR business.Higher your rank gets, you can increase your price and be more picky in selecting customers which usually lead to a better review / less party or complaints / less expense and higher profit with a happy life.I know some people will argue, but the ranking system is the truth and should be the only guide to your STR journey. 

Once you have selected this market, begin doing researching on the current regulations as well as the political climate regarding STRs in that market and whether or not there are any upcoming proposals on the market docket that may shift or change the current regulations.

I was under the impression you needed to form a corporation to avoid the capital gains tax.

Poor first impression of landlord, kills me to replace a perfectly working (newer) fridge over cosmetics. 

And proximity to hospitals is key, within 15 minutes is what I seek.When I was trying to determine demand for our area, I selected about 20 listings near the location I was focused on, and tracked them for several months.