All this summer every booking has been last minute, within a week or so of the stay, so it's obvious to me people are still just sitting on the sidelines looking for the best deals since there's so much supply out there.I think it will start thinning out over the next few years - I've seen a few places in my own community that I know were STRs that have been sold as owner-occupied (hard to make a 4/3 STR work down here when you're paying $450k or more), so as that starts to happen more and the building pushes even further out into the hinterlands I have hope for the future.

It's the best way to start and keep relationships.  

I have been been on the fence about what area to start this journey, I live in San Jose California.

I actually moved from El Paso to Las Cruces just to start my real estate business.If you're still interested in the market let me know ✌🏽

It typically takes several years for a building to finish and start generating income, and market conditions can change over that time.

It's no guarantee but it's a good place to start.

@Esi Okpetu uhm, they are two TOTALLY different target markets!

I believe the one good thing about that spreadsheet is that it can be adjusted by the State you live in. because costs are different in every State the estimate sheet i believe is based on a multiplier for the corresponding State, as most cost estimating books are based. that program does break down a lot of information for you and i think it is a good program, one thing you may want to check is if the program updates every year with current multipliers for the States ( program is probably based on a starting average value for each thing and then the multiplier changes as prices for materials change) and you want to make sure it does that.

We’ve been gathering information about the rental property market in Japan in terms of realistic expectations for yields, as well as a reasonable timeline for getting started and generating income to support our family. 

Here are some local meetups and groups in the Portland Metro area that you might find helpful:Local REIA Group: A solid place to start for networking and learning as mentioned by Melissa!