But since J properties generally depreciate over time (not like properties back home which appreciate), the idea of sinking cash into a property that is worth less five years from now is not terribly appealing.Like you say, then the question is what sort of yield can you get, and will it cover the deprication losses?

The neighborhoods where the numbers look crazy (25%+ cash on cash returns for buy and holds) come with an enormous amount of risks. if you have the right team in place you can succeed but it will require quite a lot of time and effort.

During the time we lived there we made some minor upgrades/repairs- renovated upstairs bathroom, replaced carpet on 1st floor with LVP flooring, added artificial turf to the backyard, replaced pool pump, and replaced the HVAC system.

I am looking forward to learning as much as I can about the real estate industry. I primarily have an interest in Multifamily properties.

Good turnkey providers should be able to minimize vacancy periods and reduce turnover costs.

Not so much due to the higher rates and financing but they are getting tired of the extremes from both the government impact, Covid and renters.2024 I think will be an exciting time for investing, the same as 2023 was.

The MFH market is very competitive and deals go QUICK!

You must manage your time (and skills), manage contractors, stick to a budget, and follow a strategy.

I'm particularly interested in rental properties in the Alabama and Florida areas.Outside of real estate, I enjoy spending time in the salt water and hanging with my two dogs Sheeba and Theo.Excited to learn and connect with you all!

Not super interested in STRs at the moment, since I think I would have a hard time keeping up with the management.