I highly recommend reading 30-Day Stay from Bigger Pockets-it will be your go-to reference for your first experience.

I've heard about people using propstream or batch leads that have live market data and filtering by low equity and high mortgage rate to find properties that fit the bill for preforeclosures before they happen- a way to be the first to the home- but I never did this myself.

Share the highs, the lows, and the valuable lessons you’ve gathered along the way.

Even when there has been a high DD amount on the line, I have still had sellers to replace major items (roof, sewer lines, structural work, etc) and/or given large credits when I have represented the buyer. 

The price decreases are due to both the decreased returns to investors possible at a given price point as the cost of debt financing increases, as well as some dumping of assets due to redemptions (looking at you, Blackstone) and the inability to refinance properties that had been purchased in 2018-2021 with high leverage floating rate debt. 

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

I have heard percentages as high as 30% in high volume areas. 

I assume there are more people casually looking on Facebook that take it less seriously. 0 leads from the other big platforms besides Zillow is leading me to believe that my rent is still too high for serious applicants.Thanks

As a first-time investor, I suggest looking for turnkey rentals in high cash-flowing states (mainly the Midwest).

But when I have stayed at some Airbnb's, even highly reviewed ones, they provide one roll of toilet paper, and ask you to provide your own, same with paper towels.