So when the out of state investor needs to sell, the only way to do so is at market price, which can often mean a total loss of their investment, or sometimes even more. 

I’m Hey Adam, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

I have 9 partners on the mountain house at $117,500 each, and 10 partners on the beach house at $110,000 each, and I am currently looking for a few more partners on my jungle house near La Fortuna at $110,000 where there will be a total of 7 partners. 

That added a 12% expense bump- totally changed the vacancy dynamics.

Here's a framework I’ve used with clients and in my own deals:Understand Your Total Investment:Break down your actual contributions: $40,000 from cash, $50,000 from the 401k loan, and any additional transaction costs.

So even though the total housing numbers may go up, they are not meeting demand for the working class renters who need affordable housing.

https://www.har.com/content/department/mlsHouston Real Estate Highlights in November, 2024:-Single-family home sales increased 6.0 percent year-over-year;-Days on Market (DOM) for single-family homes went from 48 to 52 days;-Total property sales were up 3.3 percent with 7,750 units sold;-Total dollar volume rose 11.1 percent to $3.1 billion;-The single-family median price was up 1.5 percent to $329,900;-The single-family average price climbed 4.1 percent to $418,903; -Single-family home months of inventory registered a 4.4-months supply, up from 3.5 months last November.

Quote from @Avery Oblepias: I’m needing advice has any one taken the Tom Cruz section 8 program if so was it worth the investment thank you  He's a total dork.

Here's an example:I like to do mine in total and by property.I know I'll get questions about the debt categories.  

In our 4-bedroom, we have one in every room because 1) the need for it in bathrooms, kitchen, and laundry room is obvious and 2) living room / bedrooms, it's helpful (and easy) for people with allergies (kleenex), snacking in front of the tv, etc.