But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.

South End is great for appreciation-driven investors who want to be close to the action.NoDa (North Davidson): The artsy vibe and walkability have made NoDa a magnet for young professionals, driving appreciation in this district.Kannapolis: Known for ongoing revitalization projects, Kannapolis is positioned for appreciation.

Are they part of the pref equity position?

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Learn from this so it never is repeated.On the positive, with the value add you likely will do alright flipping it.Good luck

Still tons of positive cash flowing deals that meet the 1% rule and amazing appreciation here!

Honestly after I did my first deal I was in a similar position as you are.

Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

will you have a net positive return vs selling it as a 4 unit? 

I agree that demand and the house staying dry during Hurricane Milton were positive signs.