In my case, I want to ensure that the current occupant vacates upon the ratification for my peace of mind.

If you want cash flow in today's environment you're going to need to do some value add.

I like the freedom and peace of mind knowing I don't have a loan payment I need to make. 

However, signs suggest that sales activity may be nearing its lowest point in the current cycle, as the first two months of the year were only 13% below the levels from the same period in 2023.The capital markets environment today revolves around two main strategies.

During that period, the number of closings fell for seven consecutive quarters before rebounding 74% over the ensuing two years.Additionally, the $24 billion in maturing CMBS loans this year could stimulate sales activity as the interest rate environment will likely be much different from their rates at origination.

Here are some key factors that I'm considering:Potential for Appreciation:Local Metro: The urban environment often sees faster appreciation rates due to high demand and constant development.Nearby Rural: While rural areas might not experience rapid appreciation, they can offer steady growth and potentially lower entry points.

Within the city limits, I believe STR are prohibited, so start with understanding the regulatory environment. 

With tons of ex teammates and international students looking for housing in our small town environment, there is a untapped avenue to succeed. 

While this is great for the environment, typically homebuyers will not want to pay for that increase. 

It is about the long-term appreciation of the asset.It all depends on your risk tolerance and what gives you peace of mind.