If your life events prevent buying right now then focus on those other things and buy when it makes sense.

Hey BP Community - New real estate investor here and I want to get ahead of ‘watch outs’ or adopt some best practices that I might not have considered so far.  

A client mentioned the BP community to me earlier this year.

Hi Jacopo,I very much appreciate the clarity in your 7-point strategic approach and additional helpful comments. 

When we bought this community we were given all the land in the back.

However if you are focused on long term investing, market fluctuations may not impact you as much as mortgage interest rates will.

TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off

My biggest piece of advice would be to focus out of the state of California.

What Pace does offer is COMMUNITY!!!

A bit is missing here, I would suggest syncing up with a real estate-focused accountant to do it for you to avoid headaches and mistakes made!