Having a clear renovation plan, budget, and exit strategy is crucial, along with being ready for a quick closing.

Strategies to move forward?

Adding keywords related to your investment strategy or market locations can be updated in your settings.

.- ag a fellow investor who could benefit from leveraging the expertise of a Realtor in their investment ventures.Let's harness the power of collaboration and expertise to elevate our real estate investing strategies.

I think a more ambitious strategy would be to "flood the zone with value" - specifically, pick a few listings in the geography you are interested in that are being mismanaged and propose your plan to that owner just as an ice breaker.

Especially when investing out-of-state, take into account the time, work, and obligations needed in maintaining the property.Create a Long-Term Investment Plan: Develop a long-term investment plan that outlines your goals, strategies, and timelines for acquiring additional properties.

Right now, I want to learn as much as I can about strategies and the market, and I want to build connections. 

STR should be a strategy utilized to cash flow or break even on expensive property. 

But I think the house hacking strategy is a great way to make big moves in 2023.

@Kevin Goldman if you plan on paying all cash on purchased rentals, your biggest challenge will be deciding what risk-reward strategy to pursue:SFR vs MFRWhat property Class?