A new owner with more capital can easily come in and decrease vacancy rates and increase supply to realize a 2-3x revenue.

Anywhere that has consistent or slightly growing population and a decent job supply may be a good fit.

This will influence the supply in the area but in some specific niche or criteria, that's why is important to review constantly the area -inflow of new families are not slowing down.

Economics matter: Market trends and supply and demand. 

Supply and Demand11.

There's a lot you can do remotely such as listing on websites, pricing strategies, arranging/order supplies, guest communications, going to the property and doing work on it (note: travel time generally doesn't count).

Medford (North Boston) happens to be a low supply/high demand market so I absolutely need to get more comfortable with consistent rent increases but those increases need to be researched and in line with the market. 

We just have to hope mortgage rates decline a little bit in 2025 while the supply does not drop so that we can have more home sales in 2025 compared to 2024.

There could be a "double whammy", a recession (which we seem overdue for) then a drop in interest rates which leads to a big influx of new housing supply. 

Finally, The rent control discourages further development, limiting supply which results in higher rents.So rents go up, but the rent control advocates are too uneducated on the economics of the rent control policy to see their role in the rent increase.Another consequence of rent control is no value in keeping the property as nice.