Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.

In the cookie cutter markets (cheap markets with active sales and decent appreciation) you can get into a fixer upper for 60k - 90k. 

Also, what type of property (turnkey or fixer-upper) / and your rental strategy (short-term vs. long-term)?

Months of inventory is always relevant because basically it gives you a general idea whether a buyer or seller has the upper hand in negotiations.

In the upper mid-west if you pay for the heat, then expect to be closer to 60%.

For both myself and my clients, I focus on fixer uppers near key educational institutions and also in cities that are STR friendly.

The upper unit was where the previous owner lived.

App_mode=Displ...Also, our Governor Ron DeSantis just passed a "Squatter law" which always a homeowner to reclaim their property INSTANTLY under these terms The individual has unlawfully entered and remains on the property;The individual has been directed to leave the property by the owner but has not done so; andThe individual is not a current or former tenant in a legal dispute.First in the Nation to do so.Link to squatter article - https://www.flgov.com/2024/03/27/governor-desantis-signs-leg...Let me know if you have any questions about FL or plan on investing in the Sunshine State!

The S&P 500 is at its upper P/E range of 25.