Other towns have floated the idea of trying to regulate BnB's, but no major laws that I'm aware of have been passed.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

No major red flags, mostly small fixes to start out and I am pretty handy.

Major league franchise and we're building a new arena.

Old and outdated buildings - These non brick built in 1900's buildings are 95% likely to need a full gut rehab, and at the asking prices or even under, these major scale rehabs don't make too much sense.

I’ve been around real estate for decades, and I read in The Economist once that in lively markets like Charlotte, folks will pay a premium for a comfortable room if you’re near major employers.A friend of mine tried something similar out in Austin a while back.. he’d inherited a 4-bedroom property and split it into individual room rentals.

Many major insurers have pulled out entirely, making it even more difficult.

In our market (Charlotte,NC), the RE Attorney we work with mentioned that the majority of the evictions he saw in 2024 were from zillow applications!

Quote from @Michael Smythe: Would only recommend on a Class A property in a city with major housing shortage.Then you are likely to get solid white-collar tenants that understand the living arrangement.Otherwise, you'll get transient type tenants that will be nothing but trouble.This was what I was concerned about. 

Many investors have had major issues with their Safeguard notes, especially in Jackson, MS.