The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

You will have a leg up on the language, transactions, inspections etc.  

I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.

The home values are still lower than pre-pandemic and far fewer multiple offers.Vegas was the big topic among my local meet up circle.

Focus on learning how they generate leads, negotiate deals, and close transactions.

In a climate like this with high rates, probably better to use a Heloc so you keep the lower rate of your 1st lien.

There are some zip codes where you can indeed get above market rent with S8 (even after deducting utility allowance), but some where they are lower.

Generally speaking, I think tech like this stuff and social media have lowered the barrier to entry, allowing people to take risks they dont fully understand, whether wholesaling. flipping, lending, etc.

I would negotiate a price point that is lower - maybe the 10-12% range above "market".