Research properties in high rental demand areas and consider long-term goals.

College towns are often always booming and have a lot of demand.

Of course, not all newly formed households immediately become apartment renters, but an analysis of longer-term economic and demographic trends can be useful in understanding the current quarter's level of demand.

Supply and DemandIn real estate, prices and rents are determined by the imbalance between the number of buyers and sellers.When there are more sellers than buyers, prices decline until there is a rough balance between the number of buyers and sellers.When the number of buyers exceeds the number of sellers, prices increase until there is a rough balance between the number of buyers and sellers.Rents follow prices.Higher prices reduce the number of people who can purchase, increasing demand for rental properties and increasing rents.Lower prices enable more people to purchase, decreasing demand for rental properties and decreasing rents.What determines demand?

There was huge demand this year and not much lasted more than a week on the market if it was priced right.As for traditional rentals muskoka is a great market because our average family income is around 59,000 per year leaving a large portion of people in that lower income level.

Inventory and market demand for Astoria Duplexes Year to date, we have matched 2022’s total of new listings.

Then, Is there demand in the area? 

Understand the demand for short-term rentals there, the peak seasons, and what similar properties are charging.I would also suggest networking with others who are already investing in that area.

From what I've gathered demand is down a bit and so if you are even further from the actual beaches I could see you not getting enough occupancy. 

I don't have any experience with that company specifically, but assuming it is a 'build to rent' type program, I have yet to hear of anyone who has a completely satisfactory experience purchasing through these.Regarding the area that property is in specifically, it's going to be a very rural area, currently with low rental demand and a bit higher crime rates compared to the surrounding area.