Or do BRRRR.I noticed the population drop but every year people are migrating here with roughly 22% of the total population to be 65+. prices are low but I'm not sure if I should either do BRRRR or flip cheap properties. https://www.realtor.ca/on/sault-ste-marie/real-estate152 listings.

(I never had any personal contact with the latter, but I am on their mailing list and get a regular list of potential investments to look through.

@Mitch Smith I'd love to pick your brain and find out what you think are the best strategies that work here in San Diego. 

Ask your title company to pull a typical mortgage for you ( they are recorded) then read every section of it.. you will normally come to a section of the mortgage that says EVENT OF DEFAULTand thats where these events will be listed. they inlcude Wastenon payment of insurancenon payment of property tax's Alienation of title  ( thats what your doing when you transfer title and do not payment off) sub too.Etc.. 

Happy Monday BP Community,I've been working on building out a list of good investors in South Florida but I've started to plateau.

yeah as title. i have a mortgage on my own house. recently a 4plex on fb caught my eye. theyre listing for 300k, new construction, on i think 1/2 acre or 1 acre mostly seems a big dirt parking lot in front. 1800sq ft. they claim the units rent for 1050. obviously these are small units 1 bed 1 bath, doing the math 1800/4 is 450 sq ft per unit. they look nice, being new construction, albeit spartan inside, metal building, concrete floors, washer dryer hookup. semi rural Oklahoma but about 80-100 miles from dfw. they also say all units are under 6 month lease (it seems to be friends of theirs, i'm guessing, as they mentioned it was full "despite not even listing it yet"?)

This would knock him/her right off that Lender's list-- and fast!.

Colorado is one state I cross off my list of places to look.Too much upheaval and dislike of STRs in general. 

Also some employers offer summer internships so its useful to list it and target those students as well. 

Your either going to beat your head on the wall because of the debt and stress about it making money or stress that you paid all or a substantial amount of your cash when you go all in. i understand this will be unpopular for a lot of BP viewpoints but it worked for us, we own 2 STR that we owe nothing on now and purchased both for 670k and have a real value of $1.2-1.3mm. it requires you to put a lot of your cash back to your reserves but you have it all to do it with.Personally we believe in ourselves and our ability to pick high producing properties(that is the very first and foremost consideration) then we went all in and never looked back, 2 years later bought our second STR with mostly cash.