., so do you mean living in one state while a local PM manages a STR for you in the other state?

I have drafted plans for covered patios and decks in Coronado, City and County of SD.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!

If you’re set on Florida, focus on areas just outside the main city that are still growing—you’ll find better deals there.

Hey Becca, I can chime in as someone who does a lot in Detroit and works with a ton of investors from out-of-state that are buying there.

Oh, and given the longer parcel length, does the city allow ADUs? 

Awesome city. 

78 Endicott St, Peabody – A 4-unit property with all 2BR/1BA layouts and off-street parking in a prime location near Route 128, the commuter rail, and Salem—just a 30-minute drive to Boston.Investment Breakdown:Purchase Price: $900K20% Down Payment @ 7% Interest: $180K → P&I = $4,790/monthRenovation Estimate: $200K ($50K/unit) → Total investment: $340KOperating Expenses: ~$18K/year (taxes & insurance)Stabilized Rents: $2,300/unit (market comps)Cash-on-Cash Return: 9% when stabilizedThis deal checks a lot of boxes:Max units for residential financing – You could live here & house hackCosmetic rehab potential – Flooring, cabinets, counters, appliances, paint (~$50K/unit)Strong long-term ROI – Factoring in principal paydown + 2% appreciation, a 5-year stabilized ROI of ~75%Pre-pandemic, these deals were more common closer to the city, but now we’re looking slightly further out—yet they still work as wealth-building assets.

Interesting city with a lot of rich history and beautiful architecture. 

There is a lot of inventory in Jersey City, so compared to the rest of the state, there are opportunities there for good STR operators.