Way to many investors were buying properties for more then they were worth with hopes of collecting MUCH MORE than market rent.

My company scans and analyzes thousands of properties a day and I can say there are definitely better markets than others!

I would add Facebook Marketplace to your list for marketing.

Quote from @Michael Ewers: Hey y'all, Wondering what is the best marketing strategy for obtaining off market leads?

Plus how did he go there he must live there or close so your only working one market.

Higher-cost markets can still work with appreciation, rent growth, and creative financing.Best next steps?

If rates drop, more buyers will come to the market and you can refinance to lower your monthly payment.

But it's playing with fire to buy there if STR is a priority as it's very likely they will eventually start enforcing it better.Yes I've seen this same thing in some of the markets we operate in.

Upfront Costs Readiness✅ Budget for repairs, upgrades, tenant screening, and marketing before listing.✅ Set aside funds for legal or professional fees if needed.4.

I'd love to hear people's thoughts on the current market and any success/fail stories in the Phoenix area.