Mason welcome to biggerpockets I also went to UW-WSuggestion for the next 10 years , if possible purchase four plex , duplex , triplex, last resort sfr for house hacking ( no immediate cash flow )Rinse and repeat until your personal lives change ( family, relationship, etc )Each state you purchase property :Develop a decent team to handle your investment properties while you enjoy your fishing/etc

Fast forward 4 months and my realtor and I have had little to no action on placing a tenant.

It's no guarantee but it's a good place to start.

Takeaway is having at least 1 medium term guest will yes have lower rent potential but less headache and helps stabilize income.Gross Earnings: $2,200Expenses: $75 supplies (we clean ourselves, takes 10 minutes, and it's right upstairs no biggie)PITI: $2,700We paid $800 including utilities and any little repairs needed to live here.When we move out, we expect to cashflow around $500 a month conservatively.

Remember to celebrate your milestones, no matter how small, and continue to learn and adapt as you navigate the ever-evolving real estate landscape.

I'm not sure where someone would get the "on average" across the nation data because, unfortunately, in the MTR space there is no data source focusing specifically on MTR, unlike AirDNA for instance.

From there you'll need to determine Debt Service (if it's a financed deal) and Capital Expenses, to then calculate Cash Flow.The Cash-on-Cash Return (CoCR) will just be Cash Flow divided by the All-In Investment (Purchase Price + Renovations + Closing Costs + Wholesale Fee).If you're wholesaling these deals, I recommend you aim to offer your buyers a Cash Flow of no less than $250/mo and a CoCR of 10% or higher.

In most cases, they are very young with no income, no credit history, no rental history, etc.

No kidding right  geesh..

Free no charge meetup just good friends and networking.