I like Tahoe Reno, NV market because of the appreciation growth, low taxes, landlord friendly, and constricted supply. 

Then, when we look at Atlanta and Charlotte we see a good amount of supply because of the footprint of large institutiional buyers (i.e. invitation homes).That leaves the midwest (OH, IN, MO), TN, and the one off markets like Tucson and Albuquerque.

Declining rates and demand coupled with excess supply is making the STR business harder than ever.

Tesla is building a semi truck factory here and other tech companies are moving to the area which increases appreciation for houses because of the constricted supply.

main difference between stock and residential real estate is that, for stock/index we invest along with the people in the world ; so price would go up and up as money is being printed ; while residential is very depend on local supply/demand. if you have 500k and invest in palo alto in 1995, your return would be much more in residential RE than stock ; but if you invest in south dakota and well you know the answer lol

Several factors impact ADR, including location, seasonality, supply and demand, property type and size, and local events.

He told me that we are in short supply of affordable single family homes (under 400k).

For turnkey options it can also be a good idea to get ahead of the historical summer peak buyer push and not have to worry about getting a rental launched while most visitors are looking to stay for the night.For properties that require furnishing, the beginning of Spring is the optimal time for out of area or absentee investors to enjoy their property, familiarize themselves with their new home and their community and get operations and supplies dialed in. 

- The Bottom LineThe Weekly 3: News and Data to Keep You Informed- Baltimore Bridge Collapse: the economic disruption doesn't look like a threat to broader supply chains.

And here's why:Key Takeaways:1) The market is following the original year-over-year appreciation trendline from 2014 upwards, indicating sustained growth and stability.2) Supply issues in Reno's housing market are once again in focus, emphasizing the need for strategic solutions to address housing shortages.3) Exciting developments, like Tesla's massive expansion to manufacture electric semi-trucks in Northern Nevada, will further strain housing availability, signaling continued demand.4) With increased home prices, we anticipate a ripple effect on rental markets in both single-family and multifamily sectors, driving up rents due to housing unaffordability.For California investors in San Francisco, Oakland, San Jose, Sacramento the proximity of Reno and stability of investments are attractive.