We’re seeing significant softening on new placement rents, I’m interested to know if others are seeing similar trends in their own portfolios and what they're planning to do next year. 

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

Quote from @Alan Asriants: There has been a growing trend recently of individuals looking to house hack single-family homes.

Are you seeing any other trends in the Commercial sector. 

One of the trends you see clearly is that smaller landlords do not want to rock the boat increases, especially with good tenants. 

This may be because (1) until recently interest rates were trending lower so if the lender is getting a higher rate on subject note than he can obtain on new note there’s no monetary incentive to call the note (2) in the past technology did not exist to identify the property transfers (ten years ago county recording docs were not online) and (3) the lenders rather collect payments than own property.  

As for Columbus, it’s a growing market with potential for strong rental demand, but make sure to research specific neighborhoods, local market trends, and the level of competition to ensure you’re making a smart investment.

Unfortunately, based on the Trailing twelve month trends, it is unlikely rent will increase and appreciate asset value. i wouldn't be throwing more money into this deal.

So I think in order to pin this down we'd have to have someone intimately familiar with the various factors at play weigh in, especially demographics and market trends in the individual price points. 

To plan investment and future rental goals in Albany, research market trends, explore financing options, understand landlord-tenant laws, manage property early, budget for maintenance, and connect with local investors.