But the way I see it is that, in general, someone who is new to the business and is looking to break in and grow will have barriers that can likely drive them out of REI.If it were up to me, I would just let the market dictate the rents and it will find equilibrium on its own.

You should have someone local who can drive by to check on the property, respond to emergencies, conduct regular inspections, etc.

You can still find properties that are well below what you’d see in New York, and with the right approach, the BRRRR model can work really well here.I get that being close enough to drive by is a big plus, but if you're open to a market a little further out, Detroit is worth a look.

You have to just commit to doing the lead generation 5-6 days a week (social posts, door knocking, talk to people you know, talk to people you don't know, host open houses for agents in your office, drive for FSBO's, etc) until you have planted so many "seeds" that they result in business. 

There has been significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations (2 data centers), driving up property prices and job opportunities.

Plus, demographically speaking, assisted living will be the most in demand asset class over the next few decades, further reducing risk and driving increased rates an opportunity.  

🏘️💥 Experts say the lack of new housing, high rent-to-income ratios, and post-pandemic demand are driving this fierce competition.

But if you want an ROI, as well,  the industry has been lying to you, and everyone else.Foreclosures, probates taxliens... all circumstances that explicitly do not drive motivation to sell.I am writing a book on the topic and here is a passage from my book.Circumstance does not imply motivation.

The rents have begun to drive the market and are seeing some quality cashflow.

It also pulls data on pre-foreclosures and auctions, which can be useful for off-market deals.Deal Machine shines if you’re focusing on driving for dollars and building your own leads.