In Metro Detroit, and I'd think in most Midwest cities, investors really have two options:1) Buy Class B and either put more down to cashflow at closing or deal with 1-3 years of negative cashflow until rents increase.

Slight Update: After speaking with more BP members, I’m increasingly leaning toward making my first purchase in New York—a 4-unit rental property where I’d be my own landlord.

It is worth noting that this is a completely different product from Sean's.

It’s just not worth it in Detroit especially with the low price points. 

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

The importance of lowering expenses and increasing efficiency to maximize property income.

But I believe for the majority of mom and pop landlords, it's not worth offering a concession.

The biggest challenge is a lack of quality homes and a rapidly increasing demand for vacation, second and primary homes.

The Raleigh market may have increased by 40% after the Apple announcement, but it wasn't because of Apple, at least not solely.

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.