I know your goal is to BRRR.  

Since Airbnb remits at the state level when I see high numbers (or low) of what I am remitting for other OTAs/direct I then drill down to make sure listings are optimized on all channels.

Hello @Diana Teng,If you choose a city that meets the financial independence requirements and work with an experienced local team, you should be OK.The goal of real estate investing is financial independence.

This approach balances tax efficiency, financing goals, and family considerations effectively.This post does not create a CPA-Client relationship.

Quote from @Shiloh Lundahl: Goals shift over time.

Now I realize that not all situations will go exactly as planned but it is important to have a realistic plan from the beginning based on past results.Ivan, Hopefully this post was helpful to you in that it helped you consider different options based on your personal situation and real estate investing goals.

Syndications seem to me to be low control, low liquidity...Obviously others have different goals and priorities and so syndications will be a better fit for them.   

Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.

Stay motivated by setting goals and celebrating progress!

I’ve been working with real estate investors for many years, and I’d love to hear more about your goals.