Supply & DemandUnlike financial markets, real estate prices and rents are driven by supply and demand.

Mark Allen looks like you hit a goldmine for demand!

However, pricing in Austin is still substantially above pre-pandemic levels.

It currently seems I’m not going to be coming back to the states anytime soon (given the upcoming projects within the next 3-4 years) but would really appreciate any advice on investment rental property strategy as so to start building the foundation for generational wealth/passive income.We have saved a substantial amount of money  for which the original intent was to buy our future primary residence with all cash if/when we moved back to the states.However, that’s not what’s going to build generational wealth and would rather put that money into passive income investments hence, real estate rental properties.

It's very similar to Cleveland in terms of pricing and demand.

You ignore the DNC at your peril, once I got 2 demand letters in the same month I paid them and decided to take it seriously.

Plenty of demand drivers and diverse economy.

I wouldn’t invest too much in old technology right before demand creates improvements. 

Those losses can be substantial, by the way within an HVAC system-Again I doubt these technologies would hold up under scrutiny within a court of law because all it takes is one person with even a basic grasp of principles of engineering and you’d find an easy 10+% delta in these systems’ measuring abilities.

Perhaps they would make more money if STR was an option, however if that's not permitted in their location, no STR demand exists, or no STR PM is willing to take on their property, they may not have that option.