Typically, the STR property tends to be priced at 10x of the annual gross revenue, so let's assume you buy a house for $500k and you can get $50k a year in gross revenue. 

With 34 years of real estate investing experience, I’ve been involved in everything from owning rental properties to flipping.

Investment Info:Single-family residence fix & flip investment.

Hi Everyone, Currently, I have my flip business in Saint Louis.

In the past two years we have completed over a dozen flips, We are holding 20 rental units self managed and 2 self managed Air BnBs.

Because you are forcing equity into the house you are sometimes able to pull back out the entire purchase and rehab process to return to your investor then you own the home with just the mortgage.

Taxes are reasonable (in most areas), and there is a significant lack of quality affordable housing.  

Particularly looking for an investor friendly agent able to take on house hacking clients in NYC and LI

Property Management takes a nice cut out of your margin, unless you have the systems built to do it in-house. 

In answer to your question- Yes, I hope to buy and hold here and flip when possible.