And you can also target up and coming areas, so they gentrify and evolve as you live there.

There was this great duplex listed in my target area, and as soon as it popped up, I told my partner that we needed to see it asap.

So selecting a tenant pool segment that stays long is important to have a reliable income and low vacancy cost.Once you select a tenant pool, you buy properties that your target tenant pool is willing and able to rent.

My strategy with owner financing is to look at properties that will have a very hard time passing an appraisal - Properties that are in disrepair, or have a huge amount of land - or multi families with tenants that need to be evicted are ones that you can target.  

The state on the other hand will get their pound of flesh, like they do for everything else in Illinois.

After reviewing the new Tiers for SD it seems to be that there is an opportunity unlocked for owners/investors targeting Tier 2 licenses. 1.

I am currently targeting small multifamily homes ( duplex, triplex ) , so I can live one unit and rent the other one out ( house hacking 101)and I have already been preapproved with a VA loan.

David,There are a few sites you can use for free that allow you to see your target area’s vacancy and overall general interest by potential STR tenants.

Even powers of sale/foreclosures just don't go that cheap up here.But having said that, it doesn't mean you can't still market to potential sellers...it just won't be as laser-targeted as the list companies can offer in the US.

Deal Details:-Purchased for $375k in Peachtree Corners, Georgia-Renovation for $20k-Target ARV: $530k-Target Rent: $3500-Estimated PITI (assuming interest rate of 7.125%): $3286-Cash flow: $214 (basically all going to reserves)