We find flip deals in the Reno, NV area that are on market and you can sometimes even have inspections done.

We knew at the price the house would cash flow, then the house market went crazy and rental prices went up tremendously.

It will still be a period of time before rates start to come down further and it will take months before it is felt on the for sale market.

I think the AirBnB plan is very interesting and while I don't know Warren's market specifically, I will say that I could see the uniqueness turning some eyes to it.

After analyzing the local Mercer County market I've noticed there are not that many MFH that are desirable meaning cash flow can occur, but appreciation, schools and good tenants will be at risk.

I never would have thought prices would increase as much as they have, but I'm happy I bought when I did even if not all of them cash flowed.I also have properties in two very different markets. 

I would meet people in your market in person, look up agents that are doing a lot of deals, I would go to meetups, and I would be networking in your market like a madman to get people that you can do a deal with! 

However if this is an appreciating market, although your monthly cash flow might be neutral or negative, you may over time actually have what we consider phantom cash flow, which is gained through appreciation and tax benefits. in most cases, if you need true “cash flow” use the simple one percent rule.

Experiencing these first hand in your own home provides greater flexibility while you figure this whole racket out.Thirty years ago, I was fascinated by real estate opportunities in an emerging market (Brooklyn) and spent lots of time looking at cool warehouse space in places that are now 30-50 X the price. 

I'm not sure about other markets/states/cities etc., but here in Pittsburgh, PA I see a ton of listings marketed on Facebook.