I own MTR's in a San Antonio medical center and I can give you this advise: Traveling nurses/professionals are looking for small accommodations (lower price point), they are concerned with safety, as they are usually women traveling alone, well-lit walkways by their parking spot, private entrances/bath/laundry.

Andrew is spot on with his two recommendations here are they were great resources that helped me along my journey.

The sweet spot in my market for SFR rentals are in the $75k - $125k range and rent for $1200-$1400/mo , $250K properties rent for around $2200-$2400/mo$1500/mo for a $450K property seems like a very low return unless you are expecting massive appreciation of value

I see you posted this a month ago but wanted to add two cents in case you're still on this.If you're building a new home, is it in the same spot as the old one?

Sweet!

On the other hand, there's been a boom over the last 15 or 20 years of new condos downtown and in the 3rd Ward, which are generally all pretty pricey, usually starting around $200k for a 1bed/1bath tiny unit and going up into the multi-millions in certain spots like University Club Tower where one 9000+ sq foot unit that covers an entire floor on maybe the 35th floor is appraised by the city at $13 MILLION!!!!

But BP Podcast 73 with Mehran Kamari opened my eyes to out of state investing when you're faced with a local market like LA so long as you have "boots on the ground" in the other state.For someone like me who is just starting off, with a decent income, should I go for the expensive LA rental if the numbers somehow miraculously work or is it wiser to partner and look towards out of state hot spots given the full time job situation?

@Robert Carlson I’m in the exact same spot.

@Sam McClellan I’m all about FHA if you don’t have a lot of capital, although it’s not as amazingly sweet as it was before they changed the length of mortgage insurance.

As being a flooring contractor you can go to Lowes, home Depot any box store and find feathering compounds to fill in the grout joints. depending on the grout joint size and depth you may need to put 2 coats down on the floor, between each coat us a scaper and knock down any high spots and repeat the processes.