Ultimately, it depends on your comfort level with the local regulations and market dynamics.

To move forward, determine whether you prefer local or out-of-state investing, cash flow or appreciation, and self-management or hiring a property manager.Good luck!

The problem with apps running comps is that they can't see inside the homes (or smell them lol), or evaluate the exact location, or understand the local market on an intimate level to know what's next door or around the corner and predict the market value and ARV accurately like only an experienced local Realtor, appraiser or expert investor can.

Connecting with local investors or agents experienced in VA loan-friendly multifamily properties can also help.Good luck!

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

Build your network by joining local real estate investor meetups or online communities like BiggerPockets.

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience.

Yes, Mustafa Lakadawala from Clarke Realty (local to St.

Should I reach out to local agents, wholesaler like New Western?

I am on the board of CFRI, the local chapter of the National REIA.