Quote from @Michael Potorti: What are some strong areas to purchase property in Cleveland area?

But even if the numbers looked good going in and a black swan event happened, it would take a lot to lower the value of the house below your purchase price if you are doing value-add renovations.

I (Dillon Duffy) have been working on a building for a few weeks now and listening to Bigger Pockets podcast and videos on YouTube and trying to self learn how to navigate through this exciting but stressful project.I purchased my current home in May 2021 for 156k.

Stop looking at purchase numbers.

The big thing is the purchase prices are normally low in my area.

I'm looking at purchasing a condo in a ski town/village to use as an STR and am curious what locations others have had success in. 

The market has corrected, and unfortunately, this means that the value of your investment has taken a hit.The main issue is that these properties were purchased at a high basis, meaning you bought when prices were inflated.

I also was thinking of purchasing the home and converting it to a group home.

I am using a Heloc to fund my real-estate purchases and also to cover the rehab cost. 1.

Recently purchase a property in Summerville SC , 40 min from Charleston.