Its a numbers game. 

I've found the same when using pricing tools, but I've heard from others that it's been a game changer for their business...

I currently house hack in Chicago, however, going from that to STRs where I cannot self manage is a different ball game and just wanting to pick peoples brains who are doing what I'm interested in doing.  

Hey everyone,For those in the real estate game, how do you track your property expenses, labor, and other details during the renovation process, especially when managing multiple properties simultaneously (e.g., 3-5 houses)?

Most of my funds are in flips though, and small faction in stocks; i prefer some diversity, and cryptocurrency is another option to branch out too.

A big part of succeeding in this game is simply staying in the game.Make sure to take the lessons from this experience so it’s not in vain:•Always keep reserves.

If you don’t like fixing houses, REI probably isn’t your game if you are making 40k a year.

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

Then you are 'in the game' so to speak.

As you have mentioned in the past, you should not put more than 10-15% of your money in one investment - so if you have $500k and want to throw $50k ok - but it still hurts. if its your first and only 50k, there are plenty of other opportunities out there to get in the game for lessFor many - Goes back to greed and FOMO as well, last few years everyone and their brother wanted to jump in on the STR and MF space because of these great returns - no different than NFT's and bitcoin before that, but when something moves up quickly, it typically drops pretty quickly as well.