Returns look good on paper but the kind of tenants those homes will attract will eliminate your cash flow.Invest carefully.

However, consider whether the upgrades will help attract higher-paying tenants or reduce vacancy rates, which might justify doing the work beforehand.

These employers frequently attract new residents and create a steady influx of good quality renters and prospective tenants. 5) The Albuquerque metro area and Central New Mexico enjoy over 310 days of sunshine and a mild climate year-round.

The strength of this property is its visual impact and also the amenities offered.

These strategies make STRs especially attractive to high earners, like tech professionals, who want to reduce taxes while building wealth through real estate.

Property needed significant renovation to both units in order to make attractive to end tenants.

In the worst case scenario that demand is low for a 2/2 we'll have to drop prices to attract people away from the 1BR places.

What attracts you to this niche?

Biggest thing IMO is getting close to the train station and have a high quality units that may not look attractive on paper the first few years but will have the ability to raise rents consistently long term. 

However you have capital and experience which would be attractive to the right money partner.