Alternatively, once the existing tenant is out, you can lease at market rate.The real challenge of "non-landlord friendly" areas in the form of: your ability to adjust their rent from one lease term to the next, rent control issues that would limit your ability to ever push rent increases over time, any mandates on required renewal options for existing tenants (typically come with rent control measures) and the ease and speed with which evictions are processed. 

I am super new to learning about real estate financials, so please excuse if some of this doesn't make sense.  

Why Louisville and Southern Indiana are Becoming the Hottest Spots for Investment in 2024If you’ve been paying attention to the real estate market lately, you might have noticed that Louisville and Southern Indiana are experiencing a bit of a boom.

This was the easiest way for me to get into real estate and determine if this was something I wanted to pursue.

Have real problem. 

We are excited to get started but want to make sure we set ourselves up well by talking to folks in the field to set up our business model well, find great real estate agents and investors that work in our area, and see who else is out there doing it in this area.

I am new to real estate investing and am open to everything!

@Chris StevensonI was so glad I spent that $10,000+ on a real estate guru said no one ever (unless they are a paid sponsor / affiliate).

Those with real subject matter expertise get the year 1 return that no longer exists in more mature national park markets. 

Most real estate sales have two negotiations: The first before the contract is signed, and the second during the “inspection period.”