I work in 2 very different areas, one being a metropolitan area consisting of 215K people, and a vacation region called the Pocono Mountains which is very seasonal, however it consists of some amazing STR opportunities.

The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.For 90% plus of people out there who are looking to start, house hacking is the best way to go.

Fits 11 people.

@Paul BushEr all heat lots of things - recommend doing some researching to find the case and get an understanding as that does not seem correct as you could call people to buy their underwear….

These homes are what most people picture as “home” and lend themselves well to coliving strategies.

I may focus on that market since I can hit some people up to be boots on the ground. 

You might want to find local rei meetups to meet people in your market that are doing deals. 

I have talked at length with CPAs and IRS people about it and it can cause you a problem.

My buddy just got burned by someone borrowing from multiple people where the others weren't aware of each other and they thought they were the only one lending, etc.It all comes down to how well you REALLY know each person in the deal, and then, "do you REALLY know them?"  

Man, I love seeing people take action like this!