There will always be problems that arise with rental properties, but having a regular income to dip into if needed is important.

I still work with a lot of out-of-state investors helping them do BRRRR deals there.We’re regularly buying properties in the $80K–$90K range that rent for $1,200–$1,300/month, hitting (and often exceeding) the 1% rule even at today’s interest rates.

Rockaway Beach Oregon - A regular on some of the top STR lists in the PNW for price to production ratio - last year Rockaway Beach instituted a CAP on STRs that allows only licensed STRs to transfer to new owners.

You can propose your rent amount like you would with a regular tenant, but it has to fall within their payment standards for that zip code and unit size, and they’ll confirm it’s reasonable compared to other rentals nearby.

Coordinate regularly with the builder/developer for warranty follow-ups and repairs.

Title companies and hard money lenders can also be a great resource since they see who’s consistently closing deals.Networking has been key for me, many wholesalers don’t advertise much but show up at those events regularly.

Start posting regularly on social media about how your 3-unit is working out.

Equity, which is tied to the long-term appreciation of an asset like real estate, increases your net worth, while cash flow provides a consistent, regular income stream.

Consider if regular visits and handling emergencies from a distance are feasible.2.

By the way if you think this is just bravo, I get threatened with being sued regularly including a local lawyer who now literally flees when he sees me coming