While I understand the risks associated with investing in areas unfamiliar to you, my budget forces me to do so.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

The majority is RE agents & associates desperate for business, predatory and awful.

For connecting with local resources like mortgage brokers, investors, and agents, the Austin Real Estate Investors Association (REIA) is a great starting point.

Any individual PM (not associated with companies) who can handle 3 doors in Jax and Citrus Spings, fL

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

A common misconception is that real estate properties under $1M have a smaller tax basis and therefore do not benefit from a cost segregation study due to the associated fees.

LTRs with long term conventional financing and standard management aren't really cash flowing anywhere right now. sure, there are lower cost markets that look better on paper, but there are costs associated with those supposedly cheap markets as well - deferred maintenance, more challenging tenant base, higher cost turnovers as a percentage of the rent.2. i wouldn't pick a random market thousands of miles away based solely on statistics or numbers. 

Wish you the best.If I was you, first step is evaluating costs associated with doing MTR and comparing with potential rental income to see if it makes sense to do LTR or MTR.

A great way to start is by attending RE events and joining a local investors association.