@Aaron Dominy   Building supply chains have eased considerably in the past 2 months, thus the time-frame to build in Galveston has shortened.

Note, of course, that this opinion is coming from a place of the very limited information you supplied in your original post but on the face of it living for $1500/mo in a decent neighborhood seems decent to me.That said, I would encourage you to look at this more long term.

When it comes to rehabs, I’ve seen in the forums a good rough estimate is $20-$100/sqft, dependent supply the severity of the rehab.

This increase in dollar volume underscores the robust demand and high value of Miami real estate.List Price Success: Sellers received 97% of their original list prices on average, maintaining a steady rate from last year.Speed of Sales: Homes moved faster, with a median time to contract of just 28 days (a 6.7% reduction) and a median time to sales of 70 days (a 1.4% decrease).Inventory Levels: Active inventory rose by 27.3% to 3,864 homes, and the months’ supply of inventory increased by 33.3% to 4.4 months.

With a 4.4-month supply of inventory (up 41.9%), the market is becoming more balanced, offering a healthier dynamic for both buyers and sellers.

https://www.har.com/content/department/newsroomHouston Real Estate Highlights in March, 2024:-Single-family home sales declined 7.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 62 to 55 days;-Total property sales were down 7.0 percent with 8,939 units sold;-Total dollar volume fell 5.6 percent to $3.5 billion;-The single-family median price rose 1.6 percent to $330,000;-The single-family average price rose 1.3 percent to $412,464; -Single-family home months of inventory registered a 3.5-months supply, up from 2.6 months a year earlier;-Townhome/condominium sales continued to decline, falling 6.7 percent, with the median price up 5.1 percent to $235,000 and the average price up 2.2 percent to $276,262.

Renate (Petronella) Kerssens @Petronella Kerssens the biggest thing I would be looking at is the supply levels for each market.

With inflation and unstable supply and demand makes it hard to keep stable.

Could the water supply be adversely affected, a fire started, or a building be rendered unsafe?  

I also believe that we can utilize technological tools such as data analytics platforms and market research databases to track key metrics, market supply and demand, rental rates, and occupancy trends.