When you researched markets like Austin las Vegas Miami, those markets have higher land cost and are more cyclical in nature tend to have larger price swings compared to regions with lower land costs.

While cash flow can be limited within the downtown area, there are still excellent opportunities for cash-flowing rentals in surrounding regions.

Affordable markets in growth regions, like the Midwest or Southeast, provide excellent opportunities for ROI while minimizing upfront investment.

I have a friend out of PA that sets homes in the tri-state region and I can recommend some manufacturers up your way but need to know more particulars of what you're looking for, as in basic ranch, one story/two story, etc...

I live here and I’m a new investor currently targeting central Nova Scotia region.

Desirable location both locally and regionally.6.  

Credit unions or smaller regional banks might be a better fit.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

Exterior Deck or PatioAdding an outdoor living space like a deck or patio extends the usable living area and enhances the home's appeal, especially in regions with warm weather.In addition to these improvements, understanding the local real estate market and focusing on upgrades that align with buyer preferences in that area is crucial for maximizing ARV.Noah, thank you for this great feedback.

I'm also interested in purchasing an STR in the Catskills region so I thought I'd jump in!