Research local market rates to determine how much more you can charge; often, Airbnb properties can command 20-50% higher than traditional leases, but this varies by location and demand.

Higher maintenance and repair costs (even low to no skill workers demand 35-40% higher labor)This has led us to diversify our strategy and convert some of our units into MTR's instead of LTRs to increase margin.

A broader market demand can lead to faster sales and potentially higher profits when it's time to exit the investment.#6 Lower Maintenance Costs:In comparison to small multifamily properties, single-family homes with ADUs often have lower maintenance and repair costs.

Detroit is a strong market for investors overall, due to its affordable entry cost vs rents, growing demand and positive news.PM us for more info if interested.

It’s particularly helpful in markets with high rental demand, like Memphis, where you can find vetted properties with tenants already in place.4.

The rising prices certainly highlight the growing demand in the area. 

The city has seen steady growth in recent years, with various neighborhoods experiencing revitalization efforts and increased demand for housing.There are plenty of opportunities for value-add investments in Philadelphia, particularly in under-valued, distressed, or poorly managed properties.

But, especially in this high demand market, you need to cast as many nets as possible and, likely, take on what feels like more risk.

If you can manage a house-hack closer to home that helps you build equity and net worth, while demanding a minimal down payment, I personally think that’s a better option.

@Miciah FurbayTo invest in investment properties, consider Phoenix's affordable neighborhoods and out-of-state cities with strong rental demand.