Petersburg, VA: Where to Start?
My wife and I own a few properties, all over the world really. But we know we need to focus on a particular area, which is why we started looking at RVA (where my wife is from). We ultimately decided that we're going to BRRRR in Petersburg as it's a big time rental market and it isn't as cash intensive as RVA. We prefer to not use hard money, just a point of preference.
Wanted to get some insight into the community.
We're out of state as my full time job (military) keeps us moving around quite a bit. We self manage, so we feel that BRRRR'ing is the best strategy for us, as we'd prefer to grow our portfolio while rolling out cash into sequential deals. A renovated home (should) mean that there are less maintenance issues.
How is the overall market? Is it difficult to rent? Is it difficult to find great tenants? Are there particular areas we should avoid?
Truly any input would be helpful. Thanks.