If you're starting early - say in your 20's - and have a job you like that has potential to make a reasonable income, you really don't have to do anything more than literally buy some decent quality homes and keep them rented, and it can be even easier if you just get a good PM and turn it over to them.

You might also meet someone that could be a potential business partner.

I'm interested in networking, advice and potential partnerships.

Construction What was the outcome?

Buy and Hold: Norfolk (Best Cashflow Potential), VB (Townhomes tend to work well, Green Run is a great area for cashflow), Chesapeake, Newport News, Suffolk (Less Military presence which is why i would put last.)STR: VB (in the proper zones if you have the money $850K+), Norfolk(Ocean View area specifically but have to watch out for the AICUZ restrictions), Leave the restPart of that decision process is distance to that I would need to travel to deal with rehabs, I hate dealing with the tunnels so I would almost always pick places on the peninsula last since I am based in Chesapeake.

Focus on finding a great first property with good bones and solid rental potential.

How do you screen potential guests to ensure they are suitable for the property?

I'd deeply appreciate any recommendations you can share based on your experiences, as well as any tips or potential pitfalls to watch out for as we navigate this expansion.Thank you all in advance for your time and insights!

We saw the potential in STR and understood location placement to maximize yearly profits.

I would very please to learn from all of the experts in here about which area is good for a potential investment property with low risks.