Personally, we are diving deep into buying and operating businesses that potential to conservatively achieve 20%+ cash on cash returns.

Our team has been quite satisfied with its capabilities for long-term rentals.As we look to the future, we're planning to expand into the Short-Term Rental (STR) market within the next few months.

Do you think this is a wave of the future or just a trendy strategy for now?

I am located out of Minnesota and am interested in beginning my career or future as a landlord. main points 1. houses are for like 350,000 - 425,000 in Minnesota with rent from 1,800 - 3,300 so if I get a property for 415,000 with about 5,000 in rehab and rent for about 3,000 is this a good deal and how do I know what a good deal is?

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

I ended up using an fha 203k loan to fix this duplex with a potential huge basement to make it a triplex.

Perhaps ROI may only come through appreciation for the near future and I’ll have to ‘feed’ the property for a few (many?)

That expert should also be engaged to review any inspection report you obtain, to ID potential issues.PM us if you'd like the Neighborhood info.

I plan to do syndication deal as the GP in the future but not immediately.

While these efforts hold promise for the future, I'm seeking practical strategies for navigating my current challenges.I'd greatly appreciate any insights, advice, or resources that you could share with me.