I never recommend out-of-state investors buy anything for less than about $55-75k all-in or, generally, it will be in an area that has a mediocre tenant pool with high turnover and bad turns when they leave; the price to rent ration doesn't matter when these items eat up your profit year after year.For multis, it's a little different, but I typically ask them to focus on units that rent for about $500-550 minimum to have an easy time managing them and finding quality tenants. 

I'd recommend connecting with @Stuart Udis and reading some excellent work on asset protection simplified and attend one of his educational events to learn more.  

Deceased or Likely Deceased ownersIf you can get good at finding deals with this criteria you will absolutely close deals and you will learn that your ratio of leads to deals is really tight even if you aren't all that great at sales or negotiating.  

That is, initially I was surprised to learn that at least in Colorado, cleaning services are taxed (on AirBnB and VRBO).

.• 3-year business plan goals achieved in under 12 months• Listed for sale at 2026 projected price of $1.875M• Accepted $1.825M cash offer from 1031 exchange buyer• Closed sale in Oct. 2023 to secure long-term capital gains• New Sales Record Set: $228K per unit sale price, the highest ever in Bridgeport CThttps://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Lessons learned?

I just bought my first investment property at the beginning of the year in Dania beach (5min from Hollywood) and still learning as well.

I'm interested in learning more about the Louisville market, primarily for fix and flips.

put 5k to clean it up and rented out right awayLessons learned?

Home sold within 24 hours of listing Lessons learned?

I am not sure most on these forums would understand the differences (learn more: https://www.chathamfinancial.com/insights/interest-rate-caps...).