YOU also manage rehab draws and getting all docs needed for all processes. 

I currently have W-2 earnings and realize that I can buy a STR, spend 100 hours fixing it up and staging it, and perhaps manage to get a few guests before the end of the year.

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.

Reviewing data from different sources (check around BP to find those resources) is a good step in the process but I believe that speaking to other investors, realtors, rental managers and other local people is the best way to find out where to invest and where not to invest.  

Contacts I've have and done deals with I reach out to when a big client is looking for something specific and has a unique set of problems that require some work to solve but have a big upside when you know the process from A-Z and how optimize a deal.

I am also in the process of prospecting another investment property here in corpus.

I bought a 3 unit property in Los Angeles in 2020 and i'm currently in the permit process to turn into a 5 unit.

Picking one niche is honestly the only way to create the right systems and processes to scale...I have been good at trying way too many things instead of being a master on one... 

I started the process in March and didn't finish until September!

This already delaying the process and I think I could of get the house in a better price.