@Anthony Thompson most of my deals/network is in Boston however RI is looking promising in a few sectors primarily STRs in Middletown, College/summer rental combos in Ganset (regulations are tough though) and rehabs/LTRs in parts of Providence

My opinion is that for the Lakes Region, STR is a tough equation in terms of ROI in our limited experience.

But at the prices you are paying now I think it would be tough to ask for big appreciation gains. 

You should figure out how much it cost to replace each component of a house in your area using builder grade material and the lifespan of each component.

It may be tough to qualify for a loan with a part time job, so I’d talk to an investor friendly lender about what options you have.

Destroyed may be a little exaggerated but material cost might be covered by deposit, with myself doing the work.

Its tough, but try to build a network with other contractors, you should know the approximate cost (incl labor) to fix a leak, broken shower, caulking the bathrooms, rekeying your locks etc.

The following are a few that comes to mind:(1) Holding cost/s to fix these properties far outweigh the profit the company was going to make after rehab.(2) The turnaround time to fix these properties is untenable due to the shortage of labor costs.(3) The inflated acquisition price, coupled with an extensive long lead time of raw material have exasperated the new supply of new housing inventory.(4) Institutional investors are selling/bailing because of the sentiment of https://tinyurl.com/Shoeshineboyindicator.(5) And last but not least, the AI algorithm has taken into account the above parameters and predicted a bearish outlook for the subject housing market segment.With all of the above in play, what?

For long term we would have to start with budget as that will dictate what areas we look in, cash flow is going to be tough to find anywhere near Orlando, appreciation and doing value add improvements will go a long way pretty much anywhere within an hour of the city.

Hey @Michael Sevilla - it's a tough question that people could argue over for hours on end.