But the art of picking out the gems within those 20,000 homes and then negotiating the best price possible is the challenge.

Purchase price: $204,000,000 Cash invested: $60,000,000I worked for a Hong Kong public company & high-end luxury residential developer and helped to develop a $204 million condo project called "The Graystone" which is in Seattle's First Hill District.What made you interested in investing in this type of deal?

We want to experiment with renting by rooms.Here are the pricing we set:Master 150 sq ft (private bathroom) $1100Room 2 120 sq ft (shared bathroom) $1000Room 3 100 sq ft (shared bathroom, 2 walk-in closets) $950Here are the pictures of the house:https://austin.craigslist.org/roo/d/austin-spacious-newly-re...We listed the house on Zillow, Craigslist, FB Marketplace, Roomster, Roomies, TurnoTenant (which broadcasted to over 10 other platforms), Avail, FB groups, etc.

Yes this is a critical reason why self managing out of state is very difficult to execute. 

Purchase price: $585,000 House hacking my first SFH - airbnbing the basement that has a separate entrance and my partner pays me for rent How did you finance this deal?

I would not rely on a Land Trust for various reasons like the perception of deception. 

I used the recent run up in prices during the pandemic to sell everything.

Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets.

I am seeing a lot of new homes near Downtown that are good for the price and have great potential but they are in older neighborhoods.

If you have a property under contract at a great price, and a competitive bid scenario between multiple investors may be the right course of action, consult with a reputable real estate auction company.The auction company should be able to tell you pretty quick whether your deal is as good as you think it is.