You need to be targeting homes in desirable areas of town, with strong economic bases-all of this needs to be close enough to public transportation your tenants are going to want to actually live there.If you buy a great deal in an area nobody wants to live, finding tenants to help you House Hack is going to be an uphill battle.

Hi Everyone,My wife and I also live right outside of Orlando and are wanting to starting the STR business.Would love to connect with any one of you who are also in this market as it seems like there are some headwinds starting due to the current economic state, revenge travel normalizing and just over saturation of this market.If we enter this particular market, I'd love to do it with as much momentum as we can get so tips and pointers and other connections would be extremely helpful!

Keep that rate, that refi doesnt really make a lot of economical sense, higher rate and negative cash flow

As a private lender that lends out her own capital and helps place capital for others, I'm going to just share from a lender's perspective on why a lender wants that 20% down, and how borrowing that 20% down from a friend/family member can be problematic.This is often mentioned because active investors are looking for this sort of product, and the reason there are not companies offering it is because of the amount of risk involved in doing this type of loan, especially in the current economic climate.I just want to explain from a lender's standpoint why this might be above a lender's risk tolerance, so you can possibly find another alternative.

Returns were still very much worth it but 2 attached units + 1 detached is potentially more economical.

It is a theory, but looking at the macro economics of real estate, everything boils down to supply/demand.

Any thoughts on pros and cons on 5/1 vs 30 year fixed given these economic conditions?

Usually there is someone on the economic council that can tell you what's happening as well.

This is doubly true for both in today's economic environment.There are many other business opportunities in San Diego - including real estate - that I would recommend ahead of those two.

I look for lower-end rentals partly because I think they're less exposed to economic headwinds since people tend to trade down when times get tough, i.e., from nicer luxury properties down to nice/clean but cheaper options.