Or as the original poster put it- just don’t finance them and pay all cash, then you could do it with 40 luxury rentals at $10k a month.Now to rant - it’s great to have a goal, but start with one and see how it goes….

Buying vacant land is always a good option, I would check on the rules for subdividing the land before purchase, and also find out how you can add additional income producing projects to your land.

Hello all, I have a prospective tenant for a rent by room strategy, we're in initial stages (he hasn't officially filled out the application to verify his credit score) and he is letting me know he filed bankruptcy in 2020, but his credit score should be above 620. 

This is why you have an attorney review your contracts - so they keep you out of issues that could arise because of one-sided agreements.

@Andrew Galloway, if you’re open to a not so saturated STR market that performs strong, I would check out the Tampa Bay Area and reach out to @Josh Green.

Keep in mind many could not pay cash even if they wanted to so leverage is a must especially those starting out obviously.

We’re planning on selling our condo in Los Angeles and moving out of state to a cheaper area.

It impacts the outprice and comes down to your market data searching out areas to flip.

The idea of an assumable mortgage seems very attractive from a cash flow perspective, but unfeasible from a capital perspective.

I know that the job market and economy is strong out there, not to mention that Houston is a thriving city overall.