Low supply = high prices/occupancy Even in central america/caribbean most airbnbs are running very low occupancy rates right now and just the high end units that provide an experience hitting target profits. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It's much easier to make the situation more favorable for yourself if there's multiple offers on the table.I understand you use an entry only listing service.

It is much easier to get long term-tenants (5-10+ years) in single family homes than in multifamily.

The appeal of the property should match the target tenant's preferences.5.

Hey Jake,I'll number my responses so its easier to follow...1.

I wanted to build because the area I’m looking is pretty competitive with STR’s and it has to be something unique and attractive and I feel this will be easier to accomplish building new.

This may be easier to find in smaller towns or rural areas.Growth potential: Research areas with growing populations or emerging business districts.Tax incentives: Some localities offer incentives for small businesses or specific industries.Infrastructure: Ensure reliable internet and necessary utilities for your business.Potential locations to explore:Atlanta suburbs: Consider areas like Decatur, Marietta, or Lawrenceville for a balance of affordability and proximity to the city.South Carolina: Look into growing areas like Greenville, Rock Hill, or smaller towns in the Upstate region.North Carolina: The Research Triangle area (Raleigh-Durham-Chapel Hill) offers opportunities, as do smaller cities like Asheville or Wilmington.Remember to thoroughly research local building codes, zoning laws, and business regulations in any area you're considering.

The more you prepare for the inevitable problems, the easier it will go.3.

I hear you on out of state investing, I invest a fair amount in NC where you can still buy houses at 50-60k 2 miles from a Target...lol