The appealing aspect here is the ongoing population growth and other economic factors.

Not all markes would react the same (in relevant) to interest rate and everything, some markets are much more sensitive.So theory all residential would go up in value in any condition may not be true, it's only up in certain market only.What I laid out is talking on economics, which is always an overall generalization.

Economic downturns can be very destructive and jobs can dry up.

The largest was a 6unit & that took some time as each unit was rehabbed.

Unless the building is very well located full renovation of basement units will likely not pay off economically.

And honestly, the approach I take towards living, if your mortgage is paid off, you are pretty close to being wealthy in my mind, since it is by the largest expense most people have.  

My recommendation if you choose to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth.

if the nine dumpsters was the largest expense and you replaced the roof you Musta got a great deal on the roof. 

We are a group of Latin American investors who are experiencing economic losses due to the irresponsibility of ABC Capital.We have found on the public page www.courtlistener.com two actions where our office of trust in real estate investments and property manager, to whom we entrust our investment and assets, are sued.We put at your disposal both actions; with the warning that they should not prejudge, since it will be the court that hears the case who passes sentence, since it is the one that knows the evidence presented.https://www.courtlistener.com/?

Have any of you found the same to be true, or are the STRs incredibly profitable and I am just not understanding the economics of STRs?