Something to understand with 'development' is it is very regional, and therefor difficult to provide good meaningful advice that translates nationwide.

Embrace the adventure that is your work - it's certainly meaningful.

Many years ago I did get a real estate license in Texas but moved to North Carolina following a cool job opportunity at the time and never did meaningfully put the license to use.

Create your focus using the power of “no.”I look forward to hearing both your “no’s” and your meaningful “yes’s.”

Even if we enter a buyers market, RE generally moves like a barge...it will take years for there to be a meaningful reduction in prices.

You are a unknown on the internet who decided to comment on a post with nothing meaningful to contribute.

The caveat with the adapter is that it fits quite snugly into the tool and can be difficult to extract.

I do extract the email addresses from vrbo bookings and keep those in case I ever wanted to send out a marketing email, but never had the need to.  

I'm still relatively new to this as well (about 4 years in), but always seeking to provide value first before extracting it has been really beneficial to me.

I think you could do better in your market (Raleigh) with a residential MF (duplex to quad) because it would have similar appreciation, have better cash flow, you would still be able to leverage all of the advantages of you being local (self manage if desired, able to know the market, be able to perform heroics if necessary).As for cash flow, I consistently argue that I value it less than value add and appreciation and this is why: Value add and appreciation allow me to extract my investment to leverage it quicker than cash flow would allow.