@Rene Hosman the answer to your question will have a lot more to do with your goals and if the market aligns with them.

We have seen this first hand in the Chicago market as well.

Got fed up with the property and listed it for sale under market value $180k. 

Lawton, Oklahoma. https://www.biggerpockets.com/blog/lawton-oklahoma-is-the-be...I used data from The Market Finder https://www.biggerpockets.com/markets and AirDNA.coI found out Lawton is one of the Market Finder's picks hottest 25 LTR also.Here are a few caveats before people tell me how wrong I am.1) I probably have a location bias, as I am primarily in Texas and the Southeast markets.

You’ll learn about tenant relationships, property management, and the overall real estate process, which will be invaluable as you grow your investment portfolio.Market Research: Since you’re in Long Island, do some research on the local rental market.

The problem is their capital is tied up, so I've been asked if I would like to purchase the house and then lease it back to them.Here are some pros/cons that I can think of:Pros:-We haven't agreed to a rent amount, but it will be above market rate.  

If the city's requirements are bare-bones but all active rental listings are more elaborate, we go with the market trends to make sure we are competitive & provide what tenants are looking for.

Galveston is among several other TX markets on AirDNA's ranking of best vacation rental markets in the next five years.

Anybody can market a set of trust documents on the internet. 

Purchased a 3 fam in Jan 2024 built in 2016 in an appreciating expensive market across the Hudson River from Manhattan NY. 2 units were vacant on acquisition and completed rehab in July, 3rd unit tenant vacated in May and completed rehab this week.