The lower the class, the more reason to stick to your requirements (which should match the market).

For LTRs, the 1% rule is a good starting point, but also consider the property's location, market trends, and economic factors for potential appreciation.

I would continue looking in the market as good deals do still exist for those willing to do the work.

In many ways, this is the best market for buyers in Austin in years.

I've read a lot of Marco's posts on BiggerPockets about Memphis and other turnkey markets, but seeing him in person was even more impressive.  

This assumes the market rent for the unit I will be moving into.My goals from entering real estate are 1. add diversification in my investments (right now heavily invested in stocks) and 2. house hack, so that tenants pay part of the mortgageIn my current market, I have two options: a. buy older houses, renovate, bring the rent to market --> this will cashflow, but needs a lot of time investment which I don't haveb. buy turnkey properties: --> renovated and already occupied by tenants but may not be cash flow positive.I found a property that's type B.

Hi David,We had a great live session in this week's webinar:The Profitable World of Broadway InvestmentsAs an accredited investor, you understand that relying on a single type of asset can expose you to financial losses during market fluctuations.

Lastly, it's super landlord friendly and the price point for finding positive cash flow is still very low (you can still find tons of great deals for $120-180k purchase price).On the other hand, other Ohio markets like Cleveland and Cincy are dying if you look at their population and job growth.

I set the monthly rate based on Airbnb's suggested rate (market rate) and the 20% discount per month.

Are you planning to invest only in your local market, or are you open to exploring opportunities elsewhere as well?