If so that can work in very specific red hot markets.. however experience has dictated to me over the decades that land can take a long time to sell .. many times has to be sold on contract to move it.. or if its cash you have to have the lowest price parcel of any similar ones on the market to move it timely for cash..

We first identify a market of opportunity.

Meaning that if tragedy happened and the unit was unusable, they'd cover market rent.

The last market valuation of this property was ~650k.

I'm in the process of choosing a market to focus on and wanted input on strong BRRRR markets right now.

When you're fully ready for analysis check out the renter analysis tools and don't be afraid to post questions and ask for help, everyone is really supportive :) A good first step and great lending resource (super important in today's market) might be to check in with my lending guide and bestie of 20+ years @Joseph Chiofalo they lend nationwide and he's very patient with newbies and can help craft a workable plan towards portfolio growth.

You will learn so much from people who know the market and they will also have resources that will be useful to you.As for the properties themselves, it never hurts to start looking.

People with cushy government paychecks and benefits and job security.I agree with you that state and Federal losses are not necessarily tied.

Great ideas, i've stayed in some cute campers on air bnb in some expensive markets.

This property is fully renovated bringing in 20k a year, it's currently under market rent value so the next investor I assign it to can increase the rent, up to market value.