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

Dear BiggerPockets community,I have a PhD in Theoretical Chemistry/Quantum Dynamics... https://pubs.aip.org/aip/jcp/article/142/24/244112/74387 ... and I literally designed and built my own house off of 30A in Florida ... https://www.scenicsir.com/homes/242-Blue-Gulf-Drive/Santa-Ro... ....

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.

To afford pay-by-the-night rooms (room rates are up 37% since 2021), some evicted renters scrape together extra money, sometimes for only $2 an order, driving for apps like Grubhub or DoorDash—essential jobs in the eviction economy.

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 can leverage and be creative but you don't have the foundation to sustain buying 10 properties in 1 year.

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

However, with Mexican food being popular in inflationary times due to its perceived value, Darden believes Chuy's can grow sustainably without needing to become a full-blown national chain.

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.

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.