They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

You can get that from your local S8 office.

I'd highly recommend attending some local reia meetings.

That said, Detroit is very much a block-by-block city, so local knowledge is critical to avoid issues.If you’re serious about learning more, feel free to send me a DM.

Networking with local real estate investor groups can also help identify lenders active in your area.

The wider local region also seems to have a lot of tourist draw.

How concerned are those of you that have invested with Homeroom about the potential for local governments to shut this type of rental down?

@Loren Souers I take it "OMNI" is a local credit union?

We found that two key factors significantly helped us succeed with our short-term rental (STR): using NightlyPricer instead of AirDNA and opting for Safely Insurance.NightlyPricer: Rather than relying on AirDNA, we chose Nightly Pricer, which provides more dynamic, real-time adjustments based on demand, local events, and market trends.

Initially I’m wanting to start in the local Chattanooga/North Georgia area