House prices are driven by supply and demand, as with any other good.

Cleveland presents a promising opportunity with its strong rental demand as a result of its lower housing prices.

Traveling nurses and other medical professionals are in demand. As

To achieve this, we have applied the following filter criteria:Only properties with 2 bedrooms and 2 bathrooms have been considered for this analysis.We are only considering listings with over 30 reviews in the past 12 months.The findings are presented in the chart below:Here are some observations:The average daily rate for a 2-bedroom / 2-bathroom unit throughout the year stands at $308.Rates tend to be higher during the months of May, June, and July.Conversely, the lowest average daily rates occur in December, January, and February.It is important to note that the increase in the average daily rate during January is not attributable to increased demand, as indicated in the seasonality section.

On smaller deals like this, the valuation is determined by the market demand as appraisers use the sales comp method. 

Explore areas near major attractions like the Galleria or medical centers, which offer a balance between affordability and potential demand. As

@Sarah Moore Some great advice here from @Chris Mason I'd also add that like any other asset the underlying demographics of the market these buildings are in can tell you a lot about the office demand as well. 

By sprucing up the updates needed first thatll be your best bet to demand a higher daily ADR and more revenue if your trying to increase performance on a budget. 

.- i'd encourage you to consider doing as big a deal you comfortably can with the amount of capital you have, vs trying to start off unnecessarily small. make sure you account for a personal reserve, a reserve for the future property, and closing costs, THEN see what's left over for a down payment. also note that while there are creative ways to buy tons of RE with little $, they demand A LOT of time and energy, which it sounds like you guys may not be looking to invest right now. - driving distance vs long distance: try to map out exactly what situations this would benefit you in. could either of you guys logistically drop everything to drive multiple hours away?

I've gotten a bunch of questions/inquiries about ADU's in the past year so it wouldn't surprise me if there was a lot of demand.  As