While the home and view are spectacular, there are many who wouldn't consider that area because of things like crime rate and diversity of other homes in the area (some are still less than well kept, though that is improving a lot). 

Real Estate Investment trusts offer liquidity and diverseness to investor portfolios.

I have several ideas that will lend well to 'company culture,' based upon actually helping buyers and sellers out of a tough situation, vs. focusing on making say 10- 20 grand gross, vs. doing more 'volume,' in the $5k. - $10k. per deal, range.

I was able to meet lot of great folks, drove around everywhere checking out different neighborhoods (low income to high areas) and properties.Loved the diversity, and was very impressed how well maintained and clean the city was.  

so work force more diverse.. but that also leads to very moderate gains in values and values because there are so many rentals are really related to what one will pay for a given cash flow and the 1% rule seems to be the bench mark for OOS investors to take the leap to other markets.. unlike the west coast were our locals are happy at the .05% rule... there is no way they are going to Memphis or Cleveland or any other mid west market for the 05% rule.. why would they with no real value growth there are better ways and safer ways to invest.So where does the investment real estate inventory come from.1. burnt out landlord syndrome there are areas of the city that many won't work in @Chris Clothier commented on those neighborhoods in a thread earlier this week. 

Plus, having half the house non AirB helps create consistency in the house with the houses "culture" and norms so when my more transient AirB guests come into the fold they are socialized quickly and welcomed. 

There are around 1 million short-term rentals in the US, another few hundred are not going to impact the market as a whole if they are regionally diverse.     

It’s a diverse community, one of the most racially diverse neighborhoods of Detroit, that borders Grosse Pointe.This is one of the few historic neighborhoods left in the city where you can still buy properties for rent and make a solid return.

Its a job / population growth story w/ a lot of diverse industries and good quality of life at a reasonable cost that will continue to attract businesses to move here.  

Hollywood has a real diverse crowd.