This is also why many investors never achieve HNW, they want to get rich quick and get as much money as fast as possible and they never get close because they do not know what they do not know, which involves the risk in real estate and especially syndications.ok I will step off my fake podium and go back to work.

Set your rent a little below market to attract more applicants.

Arielle,You got time, but better make it quick.

A wise investor will not try to get rich quick with shortcuts.

The idea of having a cash flowing portfolio large enough to reduce or even fully step away from my regular work is obviously very attractive, but as a total beginner I don't want to set my sights too high without first gaining some experience in REI.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

The property is being bought at a discount and has equity built in already... no need for funding to do renovations.. is there any other forms of financing that is available for a quick clean flip like this? 

However, they need to act quickly because these markets move so quickly. https://www.noradarealestate.com/blog/syracuse-real-estate-m...https://www.attomdata.com/news/foreclosure-trends/u-s-forecl...

I can't imagine why anyone would use AirDna as their only tool, unless it's just a quick look for a broader analysis.....I would recommend doing it the old fashioned way to make sure....

My realtor did also do a few video showings with me as well just because I couldn't get down quickly enough and I wanted to see the properties before they were snatched up.