@Barre Gambling I am curious... in your opinion, is our area in central NC underserved outside of the Raleigh-Cary-Durham MSAs?

And I don’t mean something like saying you want to invest in New York City, I mean an expert on specific neighborhoods you have chosen for a specific reason.

This can easily happen when the person valuing the property does not account for differences in the subject property and those chosen as comparables.   

These are very risk gambles that should only be attempted with money you don't really care about.  

I'm planning to start an LLC but I'm wondering if I should wait until I have 100% chosen my market so I use the state of that market? 

Once you’ve chosen a home, we buy it, renovate it, place a resident, and offer it to you for purchase.

Quote from @Austin Wolff: As someone who lived in Los Angeles and also needed to invest out of state, I've dedicated my career to market analysis and selection, and I personally think you've chosen pretty good markets.

Village to Village Network (https://www.vtvnetwork.org/) and Men’s Sheds Association (https://usmenssheds.org/) are successful models of people building community to improve the aging experience.So drawing on Dr Thomas and Nancy’s work and incorporating cohousing and pocket neighborhood elements into my communities, I have chosen to use shipping container homes in areas along the Texas coast where storms frequently cause wind and water damage.

2024 v 2025 is a gamble.

About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!