Is it better to lock in housing costs in the area you want to be, or is it better to start the rental game asap even as an out of state investor newbie.Thanks all!

Here's the problem: I keep hearing two different things.I'm based in Montreal, Canda and the game here is mostly to buy distressed apartment buildings, drive-up the NOI and RE-FI (the cap is really low, so it's almost impossible to buy for CF).

The current owner is Airbnbing them out for $800 per night for the games.

My wife just fired her property management because the owner has been playing games about charging her repairs on her house without giving her the price before the works and deducted 3 months of the rents plus she also have to pay over $7,000 in addition to  the works which only partially done and ignored even after several complaints.

Or invest it in Real Estate.You could buy a bar (or some other business) with that money and let him run it (with your oversight) learning how to actually make money (vs being a wage slave), then after a few years turn it over to him (once he matures and only once he has some skin ($$$) in the game along with you).Just my 2 cents.

A little bit, markets have been super hot, so what was an easy game handful of years ago has about dried up.

As a newbie, I was required to put 20% down(skin in the game) and they paid 80% of the purchase price and 100% of the rehab.

Truly a game changer...

But it's been totally worth it because it got me in the game.

Been at the ADU game for 40 years and happy to help in anyway.