I do think new investors suffer from an overabundance of short-term thinking right now.Regarding number 2, I think your takeaway to buy smart is different than a result of wanting to buy more.

I feel like a lot of the BP podcast episodes talk about investing in the general US market, but never really touch on HCOL areas.

I bought a duplex in 2014, no rent control. 2019 Rent control imposed.

Came across the area from a co worker as an out of state investor and realized that certain areas are able to hit the 1% rental target easily.

Low entry, limited inventory on market, a quick 2-3 month project How did you find this deal and how did you negotiate it?

Hey Jack, Yea we hired 2 callers, they make roughly 100-150 calls a day on a triple line dialer. averaging between 2-4 leads a day and about an appointment set every other day.

Diverse potential property that can be turned into a STR, MTR, LTR.

I recently went into a 50/50 LLC with a college friend to buy our first property in the college town we attended.

A great way to start is by attending RE events and joining a local investors association.

I am an agent in FL and do a lot of wraparound transactions w/ my STR investors.