Of all the issues I thought I would have challenges with on the REI journey, rental comps were not one of them :) Now I know though.

I don't know the area at all.

I know there are many people on BP that invest out of state, but the challenges for doing so are not small.

Not knowing anything about Myrtle Beach, would you guys say that it's a good area?

The absolute best city or town to invest in ( do not get stuck on the notion of investing in major metros or you will miss out on many interesting opportunities) is . . . the one where you have a team you can trust, where you are able to learn the market and its nuances and get to a point where you are comfortable doing business there because you know how things work and what the market requires for success.

I value the role of having a solid network, which I've established in the Kansas City architecture realm, and am excited about getting to know you all in the real estate business in the KC Metro area! 

Know how to analyze deals on your own, have a mentor, but make sure you know how to calculate all the numbers on your own2.

I'm interested in knowing what the 1) Townhome (TH) rental market AND 2) room rentals are like in Hyattsville, MD (20781) and College Park (20782), specifically: For TH and Individual rooms rentals:- The demographics of those who rent (e.g. students, starter families, commuters, etc.) and behaviors/preference.- Going rate for TH and individual rooms- Demand and saturation levels (how long does it take to rent), length of stay, etc.- Other market trends about the areas TH and individual room rentability - Frequency of renting versus selling in the areaI look forward to the insights you all share!

People have a tendency to want to do what they know and what they like which is fine for your primary residence, but not always the best choice for an investment.

This number seems very high considering we just bought the house a year ago, and we know buyer is also paying a title fee as well (we did that last year).