@Daniel GrantzRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Quote from @Robel Nessro: How is President Trump going to effect the Real Estate Industry, will it benefit the investors or impact the market and investors?  

Each of your homes will start at a lower cost basis and you will get slightly less depreciation each year to offset but you have spread that depreciation over multiple properties so now selling any one property will result in less impact on taxes than just selling your first without a 1031. 

Instead, it could impact your cost basis in the property, which would affect depreciation and future tax calculations.

Essentially are you cash flow positive or negative each month?

@Von Wilson theres a lot here to unpack.Are you saying that there is a parcel of land next to where your business is that is under construction and is impacting your business?

You can put first position liens on much better quality real estate than the real estate you would be buying and can easily generate the rate of return you are seeking between points and interest payments. 

Higher mortgage rates in January 2025 compared to January 2024 may impact buyer demand and affordability.❓ Question: How do you think the current mortgage rates and market trends will influence buyer behavior in the coming months?

Investors who take the time to define their ideal guest make smarter design and amenity investments—which can directly impact ROI by up to 53%.👉🏾 Which guest type best fits your STR?

I was also considering the REI expo in February so maybe I'll see you there.You're a self-proclaimed novice but I think many other members of the community would agree that you're well on your way given your potential cashflowing rental and equity.You seem to have a strong position which would allow you to keep growing your portfolio in the next few years.I'd recommend diversifying your RE portfolio the same way you're diversifying with other investments (REITs, Stocks, bonds etc.).