Cost overruns were tremendous.

Lower entry costs, 8-12% cash-on-cash returns, and lighter regs—most counties just need basic safety checks, no city-style licensing grind.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

This approach is cost-efficient and eliminates the complexities of dual-state filings.

The city already had a STR permit in place.Our permit will cost us about $500 per year.

Purchase price: $325,000 Cash invested: $2,485 Sale price: $335,000 Low upfront cost due to creative financing.

Will it cost more?

NWA is really growing, lots of great opportunities for investments and the cost of living is still affordable.

You'll need money for: closing costs, down payment (if any), operating capital to get the construction/rehab started (most HMLs reimburse you in draws for the work completed), along with some liquid reserves on top of that.

To be able to dispose of assets when we want, to be able to sell easily (single-family homes are pretty easy to sell compared to apartment buildings), and to know that we are in control of our destiny, is worth a lot to me.Also, we can get 18 more mortgages between my wife and me before we have to worry about running out of government-subsidized financing, and hundreds of thousands in future investments before we have to worry about scale.