Hi, I have heard that Reno NV is quietly booming because so many people from the west coast are moving out there. Has anyone heard the same?

Quick question: How much have you made as a result of following ChatGPT instructions?

Maybe some hidden gems there?

Also, ensure you compare all potential fees, as hidden charges can negate any savings from lower management fees.

Projects took longer than expected, lots of hidden issues, delays, permitting issues, overages, and then at sale, nothing moved for the ARV that was on the appraisal. 

Both options can work well if you’re buying in the right markets and from a reputable operator.In general:New builds tend to be lower maintenance, command higher rents, and come with warranties.Renovated turnkeys often offer better initial cash flow and lower purchase prices, especially in established neighborhoods with consistent tenant demand.If you’re investing remotely and plan to hold long-term, both asset types can perform well - it’s about matching the property type to your investing style and goals.2) Pros and Cons of EachNew BuildRenovated TurnkeyPros- Minimal repairs for 5–10 years- Energy efficient and modern- Higher tenant appeal- Often in growing suburban areas- Lower acquisition cost- Immediate cash flow- Infill locations with existing infrastructure- Potential for stronger appreciation in revitalizing neighborhoodsCons- Higher upfront cost- Fewer options in mature, central neighborhoods- May not cash flow as strongly upfront- Risk of hidden issues if not properly renovated- Shorter lifespan on some components (if not replaced)- Potentially higher maintenance over timeIdeal ForHands-off investors who want long-term stability and fewer surprisesCash-flow focused investors looking for better entry points and established rental demand3) What’s the Lifespan of a Renovated Turnkey?

Auctions like this can be a great way to find hidden gems, and it’s good to hear local investors are getting involved instead of just big hedge funds.

Competency and Communication are key for me as well as No Hidden Fees.... 

Quote from @Brett Ponters: @Jaycee Greene Essentially, it pretty much would underwrite 1000 properties in about 10 seconds and allow me to filter out all the bad and only see the few hidden gems at a time@Brett Ponters I get that...and then what?

Alicia,Feel free to reach out I have property in both MA and NH and there are few hidden places that cash flow great on STR or LTR.