Purchased 3 single family LTR over the last year or so.

Our cost basis has been accumulating with our purchase price and then the 2 years of major repairs during 2022-2023 as well as taxes, utilities and insurance from '22-'23.  

It means a $100k purchase, like a home, in 1980 is exactly equal to a $368,615.38 purchase today.     

The next 2 offers started a bidding war I got over asking with inspection for information only . 

What is your price point and how much rehab are you comfortable with (as a % of purchase price)?

Given your mobility for duty posts you can really ramp up your real estate portfolio while serving.Every time they got stationed somewhere they would purchase a property to live in using their VA and house hack.

I'm now finally here in person, and have started to go view places in person with the intent of purchasing. 

But overall, on an issue such as Material Participation it will give an informed response.  

Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?