The advantage of STR in a strong market such as Tampa over a LTR is buying an A/B asset in a high appreciation market and having a better maintenance schedule with the option of self use :)

It seems like many in CA are still unaware of what’s coming this July, 2024, CA AB 968 goes into effect.  

There’s no universal standard since it relies on two main variables–your investing objectives and current market conditions.Some key factors influencing a good cap rate include:/ Property location/ Building condition/ Asset type (class A, B, C)/ Overall real estate market dynamicsTaking these into account helps set realistic cap rate expectations, but historically, rates between 4-10% are often seen as solid.Of course, a “good” cap rate for you might fall outside that range based on your investing goals and the specific property/market, so don’t get hung up on chasing a specific cap rate number.What is a good cap rate for your market?

@Lee Brewer Sounds like a BS story to me.

@Telle CherishSo you know, no matter what you see or read on the internet….a POF is for a Cash purchae, not a finaned one and (a “soft” POF is just a BS made up term) is  Proof that You already have the cash in an account in Your name already….period. 

I'd suggest a B or B- neighborhood due to lower average costs of maintenance and high appreciation.

BTW everything in Clev, starts with a B, can't make money in the A' areas Good luck 

After that was done and rents were raised, I would do a cash out refi or take a 2nd mortgage against them and buy something else in a B or C area.

@John FranklyIf you have a high income with minimal time and are looking to invest in real estate I would recommend investing in A/ B locations if they fit in your budget.

. $300 cashflow from a B property in this market is extremely challenging and could require buying a large off market rehab project with a new contractor which I've had bad experiences in the past.