The house ended up going under contract in just 17 days, in a market that was averaging 58 days on market in this area.

We think it looks upscale and the market has responded with record prices per square for the neighborhoods we've been in.We save a lot of time and expense not cutting in all those ceilings. 

I would love to know thoughts on if this is a good STR market, should I wait until housing prices come down,  any advice from those in the area, etc.

I would get a second opinion on cost. 3500 to repair an AC is not reasonable....in my market. 

The other lesson I learned is that the right fit for me in this investing process is to long term hold the properties I purchase, rather than flip them, unless market conditions are so good that flipping makes sense.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If your manager has the rent $150 below market the unit might be filled in 2 weeks.

🏡 We’re a Real Estate financial company looking to help first-time home buyers navigate the market.

We sold the property a few years later off market for a 6 figure return.

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

Because I’m not an owner on the selling property I was told I could potentially borrow the difference as a primary or secondary home loan.