@Sarah AnthonyStarting your real estate investing journey in Washington, DC, join local REI groups, volunteer with investors, and explore affordable neighborhoods.

@Leo Szac if you do consider Detroit, which of the 183 Neighborhoods will you be targeting & why?

There is much less new supply of single family homes, so the rental rates are flat to up a little; this does depend on the neighborhood though, in some of the fringe areas where there is a lot of new single family home construction the rents are a little softer.

Depends on what specific Neighborhood the property is in. 

Overall Austin is currently a Buyers market but there are some neighborhoods that are Sellers markets due to good schools, accessibility to Tech hub job areas, parks, entertainment etc.

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

@Jonathan Feliciano I don't own anything up in East Cleveland but just look it up on YouTube so you can get a good idea/feel of what the neighborhoods look like.

It is close to SJC but I see more of the STR demand gets drawn to the Santa Clara and nearby neighborhoods - simply because of the convenience.

While that is probably true, it would also wash out the grocery store where his food comes from and the neighborhood would look like 

Philadelphia is a city of neighborhoods where each has its own personality and values.