Is it to build up assets, is it to make additional income, is it to reduce your monthly housing spend and save more money, is it tax breaks/benefits? 

This is what can go wrong when you have beginners wholesaling who have no training in real estate, no experienced managing broker to go to for advice, no license, no E&O insurance, no knowledge of how to avoid scams, no regulatory body to answer to, no relationships with other quality people in the industry like title companies, lenders, contractors that they can refer to help people, etc. 

@Lucas Schlund not seeing oversaturation in Metro Detroit, but there is some up in the Traverse City area - which implemented STR controls.Yes, it's always a good idea to buy an STR property that you can at least break-even if you have to turn into an LTR. 

South Florida is a competitive market, and you'll need to do your due diligence on zoning, parking requirements, and other restrictions.I also made a quick video breaking this down in case you’re interested in hearing more details.

My primary focus is on Wholesaling and Rehabbing in NJ and PA area.I’m eager to learn more about strategies, best practices, and the challenges of real estate investing, especially from those with experience or breaking into the market.

Have sold several in the area breaking even turn key or 3-5% cash on cash return after renovation on first year.

With all 3 mortgages in place it would have been a break even scenario.

Well....should you invest in a city where the people elected a woman with foreclosures, liens, judgements, garnishments, ethical violations from the state ethics board,  misused a city credit card, went three years arrears on her federal taxes all while yelling for other people to pay "  their fair share, " left skeletonized dead bodies hanging over Canal St for months on end covered only by a tarp until the wind blew it off to reveal to our horror her blatant disrespect for human dignity?

They come in with fancy spread sheets, break downs, proformas or cool looking power points with pictures and graphs.

First step would be to talk to the controlling government body about what you can do with it.