My first flip!

Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

Quote from @Jonathan Snider: I have been saving up for a while to purchase my first STR.

I am targeting Cincinnati, OH as potential first market because I grew up not far from there and have at least some connections.

For your first question: you can definitely be successful either way.

Looking to do my first BRRRR out of state and I am wondering what to have on a checklist if I were to have someone go take a look at a property for me.

Invest with syndicators who have a narrow niche and proven track record.For example, if an operator has done 5 or 6 workforce housing value add deals in Dallas, and they are offering a similar deal now, that would be encouraging.if however, their current deal was a brand new luxury Class A building in Charlotte and this was their first acquisition in Charlotte and their first class A deal, as an LP I would pass.Find operators who do one thing and kill it in that space.Find operators who own or have gone full cycle with similar assets in the same market.For example, my firm, Spark Investment Group has a very narrow niche - sub 100 unit MF or BTR in Greenville SC.

I really didn't say but I my first property was a duplex.

I'm in Rogers Park, Chicago. I have several people interested in being my roommate. So far, I have two people who seem they could good tenants. I did find them on Craigslist though.My mom has one property in Romeovill...

In my experience, it is worth simply reaching out to your realtor first.