Here are a few questions to get the conversation started:For Buyers:What strategies are you using to find good deals despite increasing interest rates and competitive bidding?

Hey @Brian Cannon after you check and see where STRs are allowed, surf AirBNB and VRBO in the immediate area and see what others are there.How much are they getting for a nightly rate?

However, the high price points here (along with rates) pushed me to explore other markets, and that’s how I came across the Flip System.

We ARE a chapter of National REIA, so joining gets the paint discount, cabinet program, and rebate - as well as access to all the other national vendor perks and programs.We're in process of getting local vendors and sponsors lined up as we move forward.Starting in September, meetings will take place in the evening on the 3rd Thursday of each month, 5-9pm, food and non-alcoholic refreshments provided (buy your own booze). 

These numbers have risen tremendously though and with interest rates it is harder.I like your Galveston idea because of the area and the amount of people that will probably be selling as they see it takes way more work than they expected.

We meet the first Wednesday of each month. 

I'm not sure if you are familiar with DSCR loans, esentially, we are taking the cash flow of the property, plus your investor expeirence and giving out 30 year fixed rate mortgages. 

@Jorge Lee Truthfully most renovations in Philadelphia that meet the description of what you shared are unpermitted.

With rising interest rates and the widening wealth gap, first-time homebuyers are by locked out of the housing market, it seems long-term rental demand is solid but of course it would be important to get quality tenants in the better parts of town.

@Blake Yarbrough If you can structure the deal where you get the 80% financing with good terms and rate in place and it is a good deal meaning under contract with good terms, purchase price under market value and also being the asset and property manager.