So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

 Thanks Nick, shot ya a email!

Along with that you purchased at a decent price, cheap rates so your mortgage should not be expensive.

It will be a contractor role, so a bit of bird doggin, but from what Ive gathered they have a pretty decent leads system and expanding on lead funnels in the new year.  

Every decent area for investing in str's has competition. 

And that is the main thing; I want to start REI early and build up a decent portfolio of cashflowing properties by the time I'm 30.

Especially if im paying a decent amount, i remember if they went cheap on the TP. maybe its just me.It's just you.

I'm not saying you can't make a decent return on rentals - I and many others here have done great with it - but if you have a well-functioning, profitable business that you know, why would you gamble money into Memphis *******es, to put it bluntly? 

The one performing is retail strips Fund.Long term I anticipate that 2 of my three MF deals will still turn a decent return (not the heyday level returns, but still high single/low double average annual return).  

There's a decent amount of posts in this subforum about investing in specific upstate NY markets that I would certainly checkout/dig for.