.), where things are (cleaning supplies, trash, etc.) and points of interest in the area (such as local attractions and restaurants).As I am new and definitely still learning, if I missed something please let me know.Wish you the best as you get set up!

Make sure to check local laws on separate non-relatives living together, I doubt 3 bedrooms is a problem.

Don't mention it to the locals though, even a proud rough neck like you might not be able to make it out of that one ;)

Quote from @James Harryton: Hey, I recently bought my first rental property in Polk County it doesn’t cash flow enough for me to have a property manager so I would have to manage this myself for the time being, however in about 6 months I would want to get a HELOC on the property and use that as a down payment on maybe a multi family and then rinse and repeat, I was wondering if this sounds reasonable or would I have to do something else, and also because the market value of homes are so expensive around me, the 1% rule for rents don’t really work for me thank you so much 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Then make improvements to force appreciation.Many people want to buy turnkey especially in the STR market. 

A frank, hopefully insightful, dive into real estate and financial markets.

Thanks everyone for your input, this is all new to me just starting to investigate this market. 

How do current market conditions influence your decision to flip or hold?

I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.