Hello my name is Ernest KAKEU, I live in Midland.

@Holly Radice so I own in Barnum but do not do any STR as I don't live in the area.

I live in Indianapolis and work exclusively with OOS investors so I'd be glad to connect and discuss this market whenever you like.

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

CT spots like Bridgeport and New Haven also pop up a lot in conversations about good starter markets.

I'm planning on buying a small multifamily first and foremost so I have a place to live and then will either buy a single family or another multi family depending on what I can find/fits my criteria at the time.

You can live in your own space and rent out the others.You may even find a house hack.

They have already called a real estate agent to list on the MLS and when the agent comes over to take the listing, they tell the prospective seller that the dog poop in the living room has got to go.The rot in the bathroom behind the toilet needs to be fixed.

I assume you’ve got a loan that says you will be living there.

The couple who lived right next door to our development have an old home that they rent out- it's about 1000sf on half an acre.