Has this property been working for a while with a track record of income performance?

I love this and do a similar exercise with our properties.

I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft).

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

My goal is to achieve financial freedom through house hacking and long-term rental properties.

- Will they preview properties for you, taking narrated videos they send to you?

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The property company they use was also very thorough in the way they handled the property.

Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.

There will be fluctuations on rents and much of it is property and timing dependent and not necessarily market dependent.