I'm excited to have the market be more based on fundamentals again... makes it more predictable.

For out-of-state investors especially, predictability and execution beat squeezing every last dollar.

Construction surprises kill more flips than financing in my experience, because one busted sewer line or a two week permit delay can wipe out your margin fast even if your rate is decent.Financing still matters, but it is usually predictable.

I don't know how many pillows or towels or sheets you think you need, but even if you're trying to hilariously over predict the number, you're probably guessing too low. 

I’m considering a blended strategy of vacation STRs and LTRs to balance cash flow, tax efficiency, and long-term growth, and I’d love feedback from those with experience.High-level approach: • STRs in high-demand leisure markets for stronger cash flow, tax benefits, and lifestyle benefits • LTRs in stable, affordable markets for predictable income and financing stability • Moderate leverage using conventional financing • Self-manage initially to learn the business, then transition to professional help • Use LLCs, depreciation strategies, and long-term portfolio optimizationQuestions: • Does this STR + LTR blend make sense for a physician pursuing financial independence?

Troy definitely has cheaper entry points, but I noticed a big difference depending on which side of the city you’re in—some streets work great, others can turn into management headaches fast.Albany felt a bit more predictable to me, especially around areas tied to state jobs, hospitals, and colleges.

As we kick off a new year, I always see the same thing happen in real estate:Some investors wait for “clarity,” while others quietly position themselves for opportunity.Q1 isn’t about predicting the market—it’s about preparing for it.

I am not predicting a 08 melt down again by any means that was a once in a lifetime event ( hopefully). 

The reason is they want predictable, verifiable lease income, and room-by-room rentals can look “non-standard” or even borderline commercial to them.

Development can offer a few advantages when executed selectively:Basis control and modern systems (lower near-term capex risk)Ability to design unit mix and amenities to current demandMore predictable operating costs in the first several yearsPotential to create yield where acquisition spreads are thinThat said, I’m fully aware development introduces its own risks—entitlements, timelines, construction costs, lease-up risk, and capital exposure—so I’m only considering it where:demand is proven,supply is rational, andthe numbers work without aggressive rent growth assumptions.If I can buy a well-located, truly cash-flowing property at a sensible basis, I’d absolutely do that instead.