OK, so I recently sold a local rental property and just went into escrow to buy a replacement.

If the tenant wants a fan they can buy a floor model and take it with them when they leave. 

You won’t be buying in all cash so the loan that you pick will be very important in this process.  

I call this strategy "buy the block".

@Parker Fairfield Are you selling a note, Buying a note or creating a note?

Investment Info:Single-family residence buy & hold investment.

Hi, im thinking of buying a STR in PA(pocono lake, East Stroudsburg, etc) or Upstate NY. 

G'Day Hughston,The best advice I could give would be to not invest out of state unless you buy turnkey.But that's just me being biased.The second best advice I can give is to focus more on the people that you will be working with over the stats/demographics of a specific area.I'm sure that this has been covered many times in the various BP books but to this day it rings true.You will heavily have to rely on the folks on the ground.They will either make or brake your investment so choose them wisely.If you buy the best house, on the best street, in the best area with the best capital growth projections.But your property manager is incompetent or a cheat.You will loose money.So, team first, area second.Much success

If you want to be an investor, sell this one and buy true rental properties.   

KiKi is actually my fiance and helps investors buy and sell in Indy!