Also, what strategies have worked best for you in generating consistent leads like this?

My questions are as follows: 1)What should my due diligence consist of?

You'll rarely find great deals on the MLS:(What you want to do is find a way to get a somewhat consistent stream of property leads.

Communicate with your tenant your expectations (consistent with your lease), inspect, subtract damage beyond normal wear and tear from the security deposit, issue any remaining balance.move out checklist

I assume it would also decrease the demand for these buildings, making them challenging to sell, which leads me to my second thought.I have been seeing a consistent pattern on where these assets have been on the market for long periods of time.

My W-2 salary job allows me to save large amounts and my brokerage I gross about 55-65 consistently.

So, here’s the answerYou Start at the beginning and ask what your goal is.Real estate only consists of a few components. 1.

Look for cities with:Strong, consistent population growth: More people needing housing drive up rental demand.Rapid property appreciation of existing properties: This lets you acquire more properties with less cash.Job growth: Your tenants need jobs to pay rent.

Here are some solid options:AirDNA & Rabbu – Provide estimated ADR, occupancy rates, and revenue projections (though they often underestimate actual performance—we’ve consistently outperformed their projections at Stayshores).Pricelabs Market Dashboards – Great for dynamic pricing insights and real occupancy trends.STR Insights – More tailored for finding the best-performing STR markets.For underwriting, I use mypropertystats.com.

Despite offering above the asking price, I'm consistently missing out on potential deals.