The house ended up going under contract in just 17 days, in a market that was averaging 58 days on market in this area.

I would love to know thoughts on if this is a good STR market, should I wait until housing prices come down,  any advice from those in the area, etc.

The other lesson I learned is that the right fit for me in this investing process is to long term hold the properties I purchase, rather than flip them, unless market conditions are so good that flipping makes sense.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

🏡 We’re a Real Estate financial company looking to help first-time home buyers navigate the market.

If your manager has the rent $150 below market the unit might be filled in 2 weeks.

We sold the property a few years later off market for a 6 figure return.

I am investing in the Waterloo/Cedat Falls area mostly, but will be jumping into the Des Moines market soon.

Buy price $823, sale at market $1.75, sales costs ~$100k. 

Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?

How do investors currently invest in this market when interest rates are so high then?