I definitely recommend Columbus Ohio because there's still so many deals that hit the 1% rule, positive cash flowing, and quickly appreciation!

Now you need to figure out how to find deals and pay for them.

There is aircover which essentially is guest damage insurance but it's an absolute pain to deal with and get money out of Airbnb.

So as a licensed Broker, and Expeditor with experience in dealing with investments/investors, distressed homes, and multifamily violations here in NYC I can tell you that your plan is pretty sound but the fine details of how it is executed (types of locks you use, how it is divided etc) matter here in NYC.

@Tatum Kantor I would recommend you talk to @Ross Yeager, he lives in CA and does a lot of OOS deals.

Just do it for one year, and you will see results fast.The issue is when you pick one strategy, then a month later, you want to change, then 3 months later you want to do something else, then 2 years later you have not done a deal yetin my journey, I was broke, so I started wholesaling, then I expanded to Fix and Flips, then to rentals, then owner financing and notes and commercial properties.

Partially because we are fairly content with where we are at, but also because the market isn’t offering up great deals right now that we want to invest in.  

However they haven't had any other offers and it has been on the market for roughly 70 days.At the accepted offer rate our mortgage would estimated be:Year 1 - $5231Year 2 - $5750Year 3-30 - $6292Each of the 3 units would rent for an estimated 2-2.5k totaling roughly 6k-7500 per month in income depending on what we can rent each unit for.So with all that being said, conservative numbers the triplex would cashflow roughly 1k per month assuming we don't live in it and have all 3 Units rented.That seems like razor thin margins, especially when factoring in expenses so my question is:What is the cash on cash net return per month you would look for in a triplex deal like this?

It's always best to start with simpler deals and scale into larger scale rehabs.

I can only move on the actual deal, if I choose too.