However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

Returns look good on paper but the kind of tenants those homes will attract will eliminate your cash flow.Invest carefully.

But we also added lease options to our model which attracted a better tenant and lessened the the amount of work that it took to manage the lease option properties.So I would encourage you consider investing in your own back yard before going out of state, especially if you live in North Carolina. 

These strategies make STRs especially attractive to high earners, like tech professionals, who want to reduce taxes while building wealth through real estate.

Many investors are attracted to lower price points but end up losing money because cheaper properties are higher risk (not good locations, rough tenants, lower quality construction, etc.). 

These employers frequently attract new residents and create a steady influx of good quality renters and prospective tenants. 5) The Albuquerque metro area and Central New Mexico enjoy over 310 days of sunshine and a mild climate year-round.

LTR, MTR and STR work in most larger markets (~top 30-40 cities by pop, or be proximity to metros/attractions/employers).

If you'd like to keep your investments in California, Sacramento is starting to look more attractive, especially since the market has seen an increase in tech jobs.

Franklinton is undergoing rapid transformation, with developments like The Gravity Projects, new breweries, and an expanding arts district driving change.Safety and Future Outlook:Increased Investments: New developments bring better lighting, public spaces, and infrastructure, naturally improving safety.Community Growth: More residents and businesses create activity, discouraging crime and boosting the neighborhood's vibrancy.Police and Outreach: Enhanced patrols and local organizations address crime and substance issues.While challenges remain, ongoing investments and gentrification make Franklinton safer and more attractive.

Then he decided not to do business, they made the  offer very attractive and he was desperate.