Together, let's navigate the intricate landscape of property deals and unearth the hidden gems waiting to yield substantial returns.

Any tips or insights navigating the current market conditions?

I also appreciate the point of view that says, "while I'm an adult with agency, my experiences have had a definite and profound effect on who I am and how I navigate the world.  

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

You navigated the legal complexities, negotiated like a hero, pressed to get your sellers there best outcome, and you made almost half as much as your CPA, an Electrician, nearly 2/3 what you could be earning if you did plumbing or painting as a living....... 

I believe sharing our experiences and strategies can help us all navigate this new regulatory landscape more effectively.

I am leasing out my 1st rental property.However, the partner of the tenant that is applying doesn't have a SSN (not a resident or citizen) How do you navigate around this?

Meaning, I don't have to hire out as much or trust the navigation process of a builder/contractor.

You have to navigate it the best you can and learn from that mistake so it doesn't happen again. 

We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.