Adding to what Greg said, there are lots of buyers who aren't pre-approved or will make an offer and then not be able to get financing wasting the seller's time.

While prices are low (under $200k), there's absolutely a rental demand - especially for working class and professional tenants who aren't ready to buy.

While Vegas might feel like a good choice because it’s closer, let me make the case for Panama City Beach or Destin—they’re the kind of spots that could turn your first investment into a major win.Here’s the thing: PCB and Destin aren’t just beach towns—they’re vacation magnets.

Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly 

Alternate rent models can work in specific situations, but as you said, they aren’t always superior to traditional LTR, especially after the costs and effort. 

If you aren't interested in low cost index funds then just throw it in a HYSA and call it a day.

TIA Both aren’t perfect and it’s all about how hard you work them.

Most of the BRRRR literature, books, and podcast episodes were from before rates went up so the systems used to make it happen aren't as streamlined.

They're probably fine with you paying for additional marketing as long as they aren't cut out of the deal.

I am also a realtor with clients who are investing in MTR's in my market, as STRs aren't allowed.