Purchase price: $90,000 Cash invested: $55,000 Triplex in SE Cleveland (D+ neighborhood)Purchased for 90 and saw 105 for valuation. 25% down plus closing costs and unit repairs has led to about 50-60k going into the deal.

Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

Minimum of 3 night stays, limited number of STRs in a particular neighborhood etc.You need to get the license and pay the STR tax.

In Culver City, SB-9 allows homeowners to split lots as small as 2,400 square feet, making it possible to create new housing opportunities in single-family neighborhoods.

Drive around the area you want to buy in and look for trashed houses in good neighborhoods. 

But in areas that are clearly intended for residential, these rentals also present an optimum place for criminals to set up shop in relative anonymity to do their thing: Smack in the middle of a quiet neighborhood.  

And I saw all these crazy predictions about growth, appreciation, upcoming neighborhood, new businesses coming to town - lose lot of money in one way or the another.

Properties and neighborhoods look much different in person than in photos/videos.Would have talked to property management companies first to ask about rents, tenant base, etc.

See if there are cash-flowing properties to be acquired…. in less desirable neighborhoods I suppose (Glen Burnie, Dundalk?

Some of the properties are in decent appreciating neighborhoods