I plan to live in in while I renovate it, then pull out my original investment (and maybe a bit more) upon refinancing.

I live in Las Vegas which is a mecca for tourism, but new STRs here are very difficult to secure.

Hey Ryan, when I lived in the area (2017-2022) I tried out a handful of meetups.

You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.

I am 17 years old and live just south of Milwaukee.

I'm getting ready to sell my first home, purchase my 2nd home and invest in an additional property to flip.

On the other hand, you can make money in any area, even areas with no growth as there are still people that live there, even if the population is declining. 

The owners also still live there. 

Purchase price: $46,000 Cash invested: $38,000 Sale price: $68,000 Live in fix and flip, admittedly the cash for deposit was a gift, leaving me time to live in It and fix things up.

I am a tenant living in Chicago.