Should I just rent and save my money for the next property that will cash flow, or buy in NOLA? 

Investment Info:Small multi-family (2-4 units) buy & hold investment in Staten Island.

My girlfriend and I are interested in buying into the upper Michigan STR markets (Traverse City, Charlevoix, Petoskey, Bay Harbor, etc), hoping we can take advantage of the hot vacation rental market up there in the summers and the popular ski slopes for the winters. 

Living in one of units of the building you buy.

Nothing wrong with this - it could actually be a home run of a market, just make sure you are comfortable with your underwriting.I suggest buying data for your market on Pricelabs specifically ($10-20/ mo - worth it).

Toledo pretty much offers the same, if you're set on that city connect with @Engelo Rumora Thanks for the plug mate,Hi Ken,We probably won't be able to assist as we offer turnkey and only to cash buyers.Our lowest entry point is $65,000 and that buys a 2 bedroom, 1 bathroom home that will rent for around $800pm.Plus, I'm pissed of with investors and lately and keeping all deals for myself heheI think you are on the right track with the 43607, 43612 and 43613 zip code.I encourage you to take a look at 43609 and select areas of 43610 and 43620.BRRR out of state is a recipe for disaster but since you are in Michigan, it isn't too bad I guess.Even being as close as you are and even if you lived in Toledo, I would always advise to get professional property management.An investors role is just that, to be an "investor".Elevate and delegate...Sure, you can probably manage 1,2 or 10 properties but that can eventually turn into a full time job.IMO, you should focus on scaling as in finding deals, raising capital, buying more properties, growing your portfolio, etc...And not dealing with tenants and toilets.Wishing you much success

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Alternately, I feel like end buyers also understand the deal when they buy from a wholesaler, and if they also have some integrity, they aren't bothered that a wholesaler profits from an assignment.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.