We keep a daily updated list of all active and eligible STR's for sale and currently there are well over coastal Oregon listings for sale with vacation rental or STR AirBnB eligibility and generally focus on properties that can reliably secure a permit within 30-60 days of closing.

Louisville is adding jobs daily and the big employers are constantly investing in the area. 

This is a high volume strategy as agents often don't pick up the phone, don't get back to you or say they will pitch the deal but don't.

Affordability must be addressed before transaction volumes can normalize.Average 30-yr mortgage rates (Mortgage News Daily)MBS Highway Housing Survey for July 2024The MBS Highway National Housing Index dropped 9 points in July 2024 to 44, as buyer activity levels fell across the nation.

There are also other platforms that have had some significant negative things spoken about them.Peer Street is the larger of the two and has more volume, but the top deals are still snapped up really quickly.

Between all the licenses I already carry for my current business endeavors in different states, I'm not too keen on adding another set of licenses I would need to possibly study, apply for and take a test for then maintain with CE credits in an industry I'm not even sure I want to take on with any meaning volume.  

A house can pass inspection but once someone is living there it's being put under daily stress (faucets turned on/off, heat/AC on an off, etc) so be prepared for repair costs 

pid=2096Houston Real Estate Highlights in June, 2024:-Single-family home sales declined 11.6 percent year-over-year;-Days on Market (DOM) for single-family homes went from 45 to 46 days;-Total property sales were down 13.6 percent with 9,133 units sold;-Total dollar volume declined 12.2 percent to $3.8 billion;-The single-family median price was statistically flat at $345,500;-The single-family average price was statistically flat at $432,090; -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;-Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

Build a team-Get a property manager to handle the daily stuff,and maybe even a local handyman in your chosen state.Use online platforms for rent payments, maintenance requests, and communication.Touch base with your property and team, build relationships with tenants.

It's important if you're going into a new area that doesn't have a ton of development yet, but you are very confident in, to purchase as much inexpensive land as possible before your plans become known but to also make sure you drive enough volume in that area to make it clear to tenants that they're not in a desert outpost all alone.