If you find someone that seems to know a lot of people needing your services, wouldn’t it make sense to focus more resources on them?

.: Hey everyone,I’m diving into the world of out-of-state real estate investing and couldn’t be more excited (and maybe a little nervous).

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

An even stronger indicator is that I am getting more and more orders to do BPOs (broker price opinions) for "banks".

The rest of the thread is a good read and will give you a lot to think about.

A combination of extremely tough long term tenant protections and the economics of short term renting being a lot more attractive. 

You need to read the sheriff sale information carefully, or if in a county with a magistrate then read their ruling. 

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

If you ever want to talk more, I'm happy to connect.

You open yourself to much more risk in not being able to finance out of it and being stuck with hard money and those fees/penalties.