With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Hello I picked up a deal just outside of 1604 near San Antonio that I believe is great opportunity.

Quote from @Seb Ko: What's your opportunity cost for waiting?

Investing abroad is not something that a majority of investors think of but a lot of my clients have been lately!

A rider allowing for using your owner-occupied property as a short-term rental for a specific/limited amount of time is very different than an investment property being used as a short or long term rental 100% of the time.Also, telling your home insurance company that you STR your home occasionally does not give you extra coverage for those types of risks, it simply means if your renter burns your home down the insurance company isn't going to immediately deny your claim. 

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

It’s really amazing to see you getting started in real estate at such a young age and Out-of-state multifamily investments are a great way to begin. 

I have never paid a guru or anyone else to invest my money for me.

@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

Charlotte, NC, and its surrounding areas continue to offer exciting opportunities for real estate investors.