I'd recommend speaking with local investor-friendly agents who can weigh in on YOY property value growth and rental increases for all projections.Lastly, if you are going down the STR route, choose a property/area that will still allow cash flow if the property was used as an LTR.

Partnership with Cindy and Damon Robbins: Collaborating with this dedicated mother-son team allowed us to leverage their commitment and local insights.

I have a friend who has a ton of property in Bakersfield, Ca so I'm still keeping my eyes on local.

Hi, I recently bought a free-and-clear house at the local tax auction for $25K, When I claimed it, the former owner had left everything in place and it needed a cleanout.

Be nice to get 30 years if possible but no one local does that. 

Right now my cost assumptions look something like this: 25,000 ft to yield 250 units Acreage needed for 250 units = about 1 acre (Depends on local municipality requirements for detention, setbacks etc but for now this is my assumption)25,000*$50 = total buildout cost less land revenue $ *.35 = opex cost thanks! 

I've been investing since 2018 and have 25 properties (37 doors) that are local to me that I self manage with my wife in central Florida.  

Check with your trusted local licensed electrician.

It is true that some lenders might look at your returns differently and most of the time we, as investors, stick to smaller, more local banks to get flexible lending. 

If you plan to expand your portfolio, starting with a 4-plex might provide a stronger foundation for future investments.It's also worth consulting with a local real estate agent or financial advisor who specializes in investment properties to get personalized advice based on your financial situation and market conditions.Best of luck with your investment!