Happy to serve as a resource if you have any questions about the local market.

., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

Heck my local credit union pays 3.5% on its basic account. 

Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

However, investing locally has become increasingly unfeasible and unrealistic due to the high costs.

If you're considering mobile homes, the first step is checking zoning laws and utility access since some areas have restrictions.For resources, Mobile Home University is a well-known starting point, and local mobile home dealers can offer insights on placement and financing.If mobile homes are allowed, you could either rent them yourself for higher returns but more management or rent out the lots for steady cash flow with less work.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

If you are willing to live in urban areas you may want to talk to a local bank in your market and see if they have any incentives or grant loans for certain areas.  

So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!

Not sure which markets you're considering, but if you set your sights on the coast I can help with local lenders, attorneys, tax pros, etc.