Very rare to cashflow immediately in a B area without conducting renovations or sweat equity strategies (removing existing tenants, turning units, etc.).

Below are the basic steps I followed:I identified subdivisions where the average tenant stay was five years or more.I conducted interviews with property managers to find out where and what properties attracted reliable tenants.Next, I created a property profile based on the properties this tenant segment rented.

For most STR's, is an inspection checklist conducted? 

That team of should be more than capable of conducting thorough assessments of structure, systems, and features of every house.

Additionally, attend real estate classes that focus on running a real estate business and conducting the types of deals you’re interested in, such as wholesaling, long-term investing, and flipping properties. 

Before investing money into a home in Joshua Tree, take the necessary steps such as conducting market research and speaking with experienced Real Estate professionals who know the area well.

They conduct a comprehensive one-hour briefing that provides a deep dive into their overall investment strategy and proforma that goes indepth into their business plan and I have to say I was extremely impressed.

I am excited for BPCON2025 and I wanted to reach out to everyone going to see what you are most exited about and what you want to get out of the conference this year.I will start.

I did not go to the best ever conference, but I heard from people who went the sentiment there was the same.

Email me and I'll send you a link to purchase - conference@BiggerPockets.com