Me personally I would steer away from rockland its going down hill rapidly and and the cost of living is through the roof.

For example, if the leads in a zip code you're interested in are currently being purchased by another investor for $100 per lead, you would have to increase the amount by 20% (an incremental increase pre-set by FastHomeOffer), paying $120 per lead to get the leads sent to you instead.

Problems you'll have:1) Management fees will eat up profit2) You're in Memphis which could take a long time to before you appreciating values at a rapid clip (as say Atlanta where you and I are).

This area is flip central and changing rapidly.

Once I set that goal for myself I got started, but listening to the podcasts and following the forums gave me the confidence I needed to jump right in and get going rapidly and buy the second property and then the third which was a 4-plex which was a big step.

We are in the beginning stages of looking for an STR in the Rapid City/Black Hills area.

I went through old posts on this website in my research, and cities such as Grand Rapids, Grand Haven, Saugatuck...etc were mentioned.

Basically it was an idea I had to generate some capital by buying something that will appreciate rapidly over the next 3-5 years.

Do some asset to liability matching ( timing the maturity of your savings vehicle with when you need the cash liquid) using a CD for incremental better yields Super worried about inflation.

My strategy is to conduct a sellers finance strategy where I incrementally pay them at 5% interest for 6 years (tentative) and then do a cash out refinance and pay them for the balloon payment.