"We do not expect much further upside for housing demand near-term.""

In '23 the state set records for tourism revenues and visitors to the state, a hat tip to your point about year-round demand. 

When did the HELOC on my house with ADU, the first appraiser used option one and I demanded a new appraisal where they would give me a flat value.

My primary goal is to identify properties in high-demand neighborhoods, with a focus on value-add potential.

Start by analyzing cash flow and market demand for each property to decide which one to rent out.

When Helene/Milton hit we had local displacements and I suspended any rising rates (rising naturally due to spike to demand). 

Most any major metro area is going to have good demand for medium-term rentals.

another issue it is about 18 months wait to get a Cabin started due to high demand for builder.  

A cash-out refinance or home equity line of credit (HELOC) can be powerful tools to keep your momentum going.Focus on Stability:Look for investments in areas with strong job markets, population growth, and consistent rental demand.

-Looking at landlord-friendly states with strong rental demand.