The house is in really good shape and the area looks fairly clean, but a couple people I've talked to have a lot of concerns of that area which is giving me second thoughts... any other locals able to shed some light?

It’s in good shape and I could get it to cash flow by about 50 bucks per month - taking into consideration only mortgage, insurance, and property tax.

If you want appreciation, identify markets with expanding industries, positive growth trends, and bright economic forecasts.Columbus, Ohio is a great market to consider if you're leaning towards that appreciation!

And don't buy something that is in bad shape.

It is still more of a sellers market, and I am seeing 5-15 offers on houses in the right area.I am observing a continuing trend of people leaving NYC and moving upstate.

@Jeff Hamann Couldn't agree more - everyone is usually looking for the next hot town/city when what they should be looking for is the perceived trend of a town/city as a function of the price.

HI Calvin, If your credit is in good shape you might want to consider a Conventional loan. 

Whenever I see properties that are being sold by an owner who did SROs they are usually in rough shape.

Other significant players include IHG (10.5%), G6 (4.9%), and Choice (4.8%).Total room inventory has been relatively stable, with slight fluctuations:- January 2024: 103,379 rooms- February 2024: 107,068 rooms- March 2024: 103,353 roomsEmployment trends show gradual improvement:- 2024 projected employment growth: 0.9%- 2025 projected employment growth: 0.5%While population growth is expected to remain flat, household income is forecast to grow by 4.4% in 2024 and 3.5% in 2025, potentially supporting increased travel and hotel demand.Market OutlookThe Los Angeles hospitality market is poised for continued growth and stability:1.

If the house is in decent shape then listing probably makes the most sense financially, assuming there is time to do so.