Better be on the top of your screening game with studios/motel type units.

I would never buy anything in NYC, terrible landlord laws, and super high pricing you are lucky to get 3% a year All my rentals are about 20% NET (based on cash purchases,) in the Cleveland markets.

Consulting with an independent insurance agent can also provide personalized recommendations based on your situation. 

There's also the option of sweat equity if you don't have the capital to pay for the remodel: In other words, buy the materials and do the work yourself over time.

If you want an agent that is on the ball, hire based on their experience and not their personal relationship with you.3.

@Joshua Randall, I would say there is an underlying knowledge base needed to properly assess and manage contractors.  

Do I simply jump in with a rental that would (based on the calculator here) give me a 16.56% CoC ROI and move forward from there?

If this is your first property/new PM, don’t take the PM’s word for a fact, especially if there is some info you feel they are not providing… I had a PM who claimed they got no HUD payment for a given month.

Found the forum while looking for information about Syndication as a tool to recruit Investment.I am based in the US and Mexico and currently just completed a mixed Vacation Rental Boutique building project in Tulum, Riviera Maya, Mexico.Looking forward to develop additional projects in the area which is blessed with high volume of local and foreign visitors.

I know the value of shovel ready properties will vary greatly based on current market conditions, location, etc.