Hi David, you need a discounted propety, have you tried hyper focusing on off-market properties in your desired area.  

Attend local builder associations or networking events, and focus on small contractors or businesses without in-house permit expertise.Highlight how you save time and ensure compliance—it’s a big value-add.

Wealth Building: Paying off the first STR focuses on cash flow and financial security, while buying another property focuses on scaling and wealth building.

This year, I’ve decided to focus on the tenant experience by painting entire walls, not just touching up!

I currently own a two-family home with my girlfriend, but I plan to refinance in 2025 and start fresh with a focused expansion strategy.

I am an investor in Indiana and focus primarily in flips right now .

Diversifying income streams and focusing on appreciation alongside cash flow creates a more balanced and sustainable strategy.

Focus on the numbers and the goals, not personal feelings.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Focus on running a clean operation rather than perfect technical compliance.Pro Tip: Your biggest risk isn't the IRS - it's partners who might complain to the IRS.