We manage 4 Bloomington STRs, one being on Lake Monroe.

I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

But, all of the areas around there are starting to develop as well. 

This approach balances guest convenience with managing costs and inventory.Happy to connect and share more tips!

For an OOS investor, I would recommend looking at Kansas City as one of my CFO clients also manages 100+ doors for OOS investors and knows the market very well.

These properties are often easier and more affordable to manage.

But sprays like this make the dust easy to manage on artificial plants: https://www.amazon.com/comeast-Cleaner-Artificial-Remover-Sp...

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

Kirk Hey Kirk, nope we are property managers.