I am not sure how much you get involved but do your employees contact the realtor and discuss market rents, do the math to check leases versus market rents and which lenders use the "lesser of the two".Closing in an LLC versus personal name can also add a rate hit as well as Escrow or No escrow.

Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k!

If I can't hit the 1% rule on a real estate deal then it's not worth my time given my experience and options in the equities markets.

Lately I am seeing many investors (new and experienced) feel the hit of the market conditions.

Multifamily is top of mind since it provides a mix of efficiency and long-term growth.

I would generally agree that managing more units under one roof does create some efficiencies. 

You only need millions to invest tho lolYeah, I you're being somewhat facetious, but I think you've hit on a flipside of this whole thread, which is that anyone who has an existing STR in Colorado may be golden.

Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).

The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

The most tax efficient way to fix and flip a home you plan to live in would be to live in the home for 2 years as your primary residence.