This year, I sold 3 of my rental properties (one has a large capital, one at a loss (because I bought it at the top of the market), and the other one breaks even).

My wife and I purchased our first rental property here in Maui in June of 2023 to use as an STR as it was a consistent market, numbers worked, and we live 5 minutes away from the property so self-managing made sense! 

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

These markets are not bad for landlords - they are landlord dreams.

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.

An extra bedroom can add $20,000 to $50,000 to your home's value, depending on your local market. 

@Henry Clark, The property is located in California and has a market value of $1.7M.

I love having a video/photo inspection prior to move in for my records.

Land Use attorneys are usually engaged for large, complex developments (although, again, maybe that's the norm in your market; I'm in California).

Current PM is fine, but they do not have student rental market understanding in my opinion.