Also another good tactic is offering to let them use supplies like toilet paper, paper towels, and whatnot. 

Between questionable long term water supply and a heated market cooling off and rents dropping at a macro level, it is hard to want to buy something, 

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

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

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.

If I can purchase this property smoothly and it all works out then I know he will be ready to start selling me his other properties in the same fashion so that his trust just receives a monthly cash flow payment from them instead of his family having to deal with the properties when he's gone. 

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

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.

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).