Due to the weather and construction taking aboutan extra year, we were about $35,000 over our original budget.Start small and Make Your Big Mistakes EarlyYep, still learning. 

Current forecast is for property values to stagnate for the next 1-2 years, and possibly even go down.

@Alyssa Strom This is a great idea thank u and yes Florida weather is better for sure lol Thanx again!

. - I try to keep notes organized and create checklists and procedures to refer to later (for property analysis, & due diligence, etc.).Courses (cheap or free): 1) Neal Bawa's Multifamily Bootcamp: Neal has a great data driven market analysis approach that ranks markets based on population growth, job growth, crime rates, affordability, etc. 2) Break Into CRE's Single Family Home Financial Analysis: This goes through an in-depth institutional excel model to forecast expected cashflow.Other: I spend a lot of time on YouTube watching popular real-estate videos, but I find books and courses have more detail.

You can use it to forecast the potential return of a property.

But it still may be better for them than not buying the rentals at all.But, when someone buys rentals while carrying balances on their credit cards they are playing with fire and will get burned, it is just a matter of time.Where I have seen people get themselves into trouble is with overly optimistic forecasts leading them to justify taking on way too much debt.The other thing to remember is those using financing will never be as nimble as those of us who don't.

Any thoughts for warm weather beach house owners?

Marcus & Millichap published an outlook of the self-storage industry that you may find helpful: https://www.marcusmillichap.com/research/market-report/multiple-markets/2023-us-self-storage-investment-forecast# 

Hottest weather per city in nation. 

Hi,I’m 24 looking to move to FL in a market that fits the following: high appreciation, lots of young professionals, hot weather, possible to househack and breakeven or come close to it, and build a portfolio househacking annually, as well as buying buy and hold rentals or BRRRing.