Like in many other markets, only a minority of owners can get such figures (if they have a special property that they bought at a good price years ago for example) but the average buyer/investor will be sorely disappointed if he/she hopes to reach those figures.

If you refused to buy it as a new primary, so you had to put down 20%, were unable to find a good deal and just bought at market price, didn’t hit a home run, etc…Imagine you only average 4.7% appreciation.

We bought it because it is a beautiful property in solid location and I wanted to learn the STR model.

About 90% of my coaching students bought properties and increased their net worth on average of $100,000 the year we worked together.

The house we just bought is in cabarrus county and currently 1300 sqft with a 200 sqft breezeway.

Southlake probably never was, Frisco if you bought 10+ years ago probably has done well. 

There was an STR boom when many people bought homes here thinking they could have passive income, but that is not the case here as much as it is in places like Asheville (which is still seasonal, but not as much).

It's a fun story and it's how I got interested in notes.I bought a vacant, land locked (no easement) lot at tax deed auction (Washington is a deed state). 

I have a 10x8 shed that I use exclusively to store real estate materials and supplies.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you .