We find it works for us in the summer season but it depends on your risk tolerance as pets can significantly damage your property.

By educating myself on creative financing strategies, I help sellers get what they need and investors get profitable property.This focus also means aligning property choices with each investor's unique goals and risk tolerance, ensuring a tailored investment strategy.

Assuming your market is crazy like every market in the country- you and your real estate agent need to talk about risk tolerance.

Recommendations include consulting with a financial advisor to align financing with your risk tolerance, negotiating with the seller for flexible terms, and exploring alternatives like hard money loans or crowdfunding platforms for a diversified approach.

*grinsI would think the amount of time necessary to become an expert in any given large market like the one's you've listed, to maintain ongoing business relationships, and monitor the progress of a significant project would be more than my wife would tolerate. 

@Jasmine HiekeIt just depends on your risk tolerance, how much chance you want to tak e, and how many red flags your willing to ignore.

It just comes down to your underwriting & risk tolerance.

Regarding your question - Everyone's mileage may vary depending on what you goals are, risk tolerance, and how active you want to be in your investing.I've done a little of everything in the investing space and migrated toward Limited and General Partner side of Syndications - Primarily Multifamily with a few other asset classes as well. 

Others are ok even being slightly negative on cash flow initially if they are able to pull all of their initial capital out.It's all highly dependent on the investor and their goals, risk tolerance, etc.I lean toward getting as much cash out of the deal as possible.

All depends on your tolerance level.