Detroit seems popular for cash flow!

I live in a popular vacation town in the mountains of Western North Carolina.

STRs in Non-Traditional MarketsShort-term rentals in areas near universities or event venues are gaining popularity.

Contrary to popular belief, major hurricanes are not as common as some think - as someone who's lived in St.

You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.

So it wont be a popular opinion but maybe don't invest in real estate just yet.

In my experience, and this will not be terribly popular here, but no you should not buy out of state if you cannot visit the area before you purchase if.

For instance:If your area has many corporate offices or conference centers, you're likely to attract business travelers.Family-friendly suburbs with parks and schools often attract families.Downtown locations near nightlife are popular for groups and parties.Review Competitor ListingsSearch for successful Airbnb listings in your area and study their target audience based on:The language in their descriptions.Their reviews (guests often reveal the purpose of their stay).The amenities they offer (e.g., desks and Wi-Fi for professionals, cribs and baby gates for families).Evaluate Your Own SpaceYour property’s layout, amenities, and location may naturally cater to a specific audience.A cozy 1-bedroom apartment downtown might be ideal for professionals or couples.A 3-bedroom house with a yard might appeal more to families.Proximity to nightlife might cater to party groups.Experiment and AdjustIf you're unsure, start broad and monitor who books your property.

In general, multifamily properties are a popular choice for investors because they offer the potential for cash flow, scalability, and the ability to amortize debt across multiple units.

The app is user-friendly and integrates with popular CRMs, making it ideal for both beginners and experienced investors.