Housing has always been super affordable there, and new construction has increased in recent years.

So, after one year you netted $35,000 for your efforts while the property owner netted $40,000 in rent plus $150,000 increase in value.  

In Metro Detroit, and I'd think in most Midwest cities, investors really have two options:1) Buy Class B and either put more down to cashflow at closing or deal with 1-3 years of negative cashflow until rents increase.

I've had to override Christmas 2025 to make it higher because PriceLabs has it too low...but if I increase my base rate, the other dates are off...this may fix itself over time as PriceLabs learns my occupancy and rates, not sure).  

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

Since then, the company has only increased efforts to raise investor funds but does not appear to have kept up with the corresponding regulatory filings.

The rent control in some cases is really unfair to the landlord as the percentage increases are virtually irrelevant when the rent is a small amount.

In California, this transfer could also trigger property tax reassessment, increasing the tax bill.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.