The key is consistency in marketing regardless of the strategy.From the investors I work with auctions have been working, consistent direct mail campaigns, and driving for dollars.  

I fell in love with the fact that I could be a huge asset to my community by creating more affordable housing opportunities and that is what drives me to continue on with this career path.

If you can find a market thats affordable but within driving distance so you can at least keep an eye on the property I would suggest that before going to another market.

One reason I love this asset class is the opportunity for forced appreciation through building income and/or lowering operating expenses.One factor out of an investor's hands - it seems - is the market cap rate, which will ultimately decide the asset's value at sale.My question is: how volatile are are these cap rates?

If we are to manage a short term rental ourselves, we'll be driving down there nearly every week to prep it for the next set of guests if the calendar is completely full. 

We didn't buy it for those reasons, but in hindsight, it's an important factor for us. 

Hey Colton, I was in the same place about 4 months ago and yep the biggest thing is to start finding leads and a great way to start that process is driving for dollars.

The property type you’re looking at will play a factor.

The dynamics driving value are different.

But, if you drive around the city, especially downtown, new construction is happening all over, indicating that the city may just be in the beginning of a rise.What are you thoughts?