Once you turn the unit how long will you have to wait before you have another renter for your type of unit in your neighborhood.

The consensus, not surprisingly, was that we are in uncertain times but there are certain societal and market fundamentals that make residential rental property, aka SFR and BFR, extremely attractive asset classes, short-term, mid-term and long-term.

We are currently hunting in the KC market but are looking to increase deal flow by adding a second market, different from KC which is very popular with investors. 

If your area is anything like mine, you can probably reach out and find a half dozen older guys who have done this for so long that evicting a loud felon is no big deal.  

.- Book Recommendation: Long Distance Real Estate Investing.

If you want amazing appreciation for the long term benefits, the Coast is a solid option.

I guess appreciation there will always be insane so it’s worth it in the long run.

Quote from @Rich Inman:I'n Texas we are essentially only a tax deed state.   

Our team specializes in preparing land up to the LDP stage, including handling all necessary entitlements, and we are looking to partner with developers who are interested in such ready-to-develop opportunities.Could you share any strategies/tips on connecting with developers here?

I am nervous that starting eviction for nonpayment would drag out her leaving and end up costing me more money in the long run.