I've observed too many new investors suffer severe losses in recent years by solely relying on the STR model, paying too much for properties, and then being forced to sell them at a loss when economic conditions tighten.The past two years, I purchased over 30 houses in 6 different States, and my strategy of diversifying investment plans has been crucial.

I’ll have to do a post asking what you would plant to keep your zoning.  

Unfortunately, a partner involved was NOT in that spot and he is suffering from it 2 years later still...

I actually had to get enough units where I could offer tenants multiple housing options when I purchased properties rented at way under market rates and then (an embarassing number of times) personally watch tenants that would "suffer" from a rent increase turn down smaller (but nicer places) or  nicer places in a less prestigious zip code (sometimes only minutes away) before I realized that I was hampering my ability to earn a living in order to subsidize the lifestyle choices made by a some random stranger that happened to live in a property I bought.

If you're thinking in the Reno Tahoe, NV area you can check out this rent map: https://www.addressincome.com/data-center/reno-rent-mapLook at other factors in the neighborhoods, like close to trails, restaurants, college, or a cement plant.

And a ready willingness to suffer, SUFFER for it! 

Quote from @Michael Plante: When selling a flip I do buy down and/or money towards closing VS lowering the price This keeps the price higher so when I sell another flip in that geographical area, the appraiser  uses the higher sales price as a compFor an agent it’s better as the seller pays a slightly higher commission  This^^^. 

Yes, I think a lot of BiggerPockets members will admit to suffering from  "Analysis, Paralysis", I know I did! 

Manufacturing plants and such don't particularly care about train noise.Third: given that a railroad track has an adverse effect on the price -- how is the price of this property relative to that?

My son is suffering from a medical condition that requires large bills.