A common bit of advice seen on this site is, "Don't spend $20K on a mentoring program when you could spend that money on your first deal and you'll learn much more."

This led me to have an extreme ambition of trying to give my future family the things I didn't get.

If I did set out to invest in the local area, I would scrutinize the numbers like crazy and be extremely conservative with my estimates.

On the OR Coast the regulations have grown 10X in the past 5 years, but there is still significant opportunity, particularly for initial owner/operators. 20%+ CoC is still quite common for premium Coastal STR's. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

As remote work is more and more common, many professionals look for a home there.

A common scenario would be to pay a penalty if you sell within the first 5 years starting at 5% if you sell in the 1st year down to 1% in the 5th year.

I think there is a common misunderstanding that licensed contractors cost more.

You’ll want to invest in areas that have tenant interest but also aren't on the extreme end of neighborhood quality—this means avoiding the very toughest spots, where turnover can be high and managing tenants can be difficult.

Quote from @Mark Wooldridge: A super concise and accurate summation of the SFR & MF property market - only thing I could add to that is how extremely low interest rates (historically) caused valuations to increase at a faster rate than they would have otherwise.