I’ve owned different residential homes in California, both sold off market and for over asking.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Look at buying my first investment property (probably a house in the 100-150k range) and begin looking for a tennant.I can imagine there a lot of different theories/ideas with what one could do here--I am just curious to see what other people think.

Would you take a different approach?

I am new in BP, and I am looking to understand where I start with learning about REI.I currently live in New York which it's not a good place to start investing.i know the difference between STR,MTR,LTR....

I can see what Nathan means, but I see it differently.

I realize that everyone will run a MTR business differently and I prefer to learn from different operators and develop my own technique 

You can typically change the way the entity works - may or may not make a tax difference, but you're only 6 months in so I imagine you're showing a paper loss anyways? 

I agree with Colin ^ as each department is different. 

Just keep in mind each persons situation is completely different and small things can make a big difference in rates, fee's points, terms, etc.