Investors in expensive markets can succeed by choosing between local creative strategies like value-add and owner-occupancy or by investing long-distance in more affordable areas.

“But it's not going to be the one where you just go on Zillow and click a button and find something that is hard to find even in affordable markets right now. So you have to figure out which way you want to get creative. You can do it through value ad. You can through the ways that you manage and run”