It depends on the experience they've had.

Im dedicated to learn this bisiness and gain the experience the right way.

It is also worth noting that property management is often closer to 30% of gross rent for a short-term rental due to the much more intensive hands-on management compared to a typical 10% for long-term and as such, I agree with recommendations above that medium term rentals may provide the best of both worlds if you are able to tailor proximity to a local need, e.g. hospitals and travel nurses.Again, happy to relay my personal experiences in the area if you're interested.Best of luck,Patrick

Sounds like you’ve got a solid foundation with your GC and project management experience.

Hi.I am getting another multi family in forth worth And have no experience on the west side of that areaAll my rentals are in dallas Any idea how is the market in fw?

I’ve heard of a few different options but would love to hear your experiences, especially if you've used gap funding on flips, new construction, or commercial projects.

I work with a lot of househackers and they're typically on the 12 month cycle, rinse and repeat.While the proposition of acquiring an investment property outside of your market in a "landlord friendly" state may sound appealing, i would recommend you stay local for now and househack another couple of properties over the next few years until you've got some more time / experience under your belt.you would need a management company to cover your property that is outside of your market which would not only take 8-10% of your gross it would also leave you a bit vulnerable to a property management company that you A.)know nothing about and B.)you won't have the experience or cashflow or proximity to deal with any headaches that may arise.i would recommend staying local and househacking your way along for now and then maybe hire a local property management company initially to work with your current/local properties to get a taste of what to expect if and when you begin investing outside of your market.

I’d love to hear your thoughts, experiences, and any advice you can share.

Has anyone else had similar experiences with BTRs?

That real-world experience, built on trust and actual deals, was infinitely more valuable than any high-ticket coaching package.