Brentwood and Franklin are located in Williamson county which is one of the wealthiest counties in the country.

Is there a path forward here?

I work with the top mortgage broker in the country and offer over 140 lenders in 44 states.

There are always cycles in real estate, but because of the size of the housing shortage, lack of new builds, and the largest economy in the country, it's hard to envision where we won't continue to see price and rent appreciation.

I would just say that recently in my experience diversifying out from STR into motels/boutique hospitality has been high risk and set some people off path - it can be a very lucrative and good move - however, if you are having a lot of Success with traditional STR - it seems like a lot of people are looking back and saying they wished they stuck with that and expanded with what was already working!

Keyrenter is an established residential property management company with close to 10,000 properties across the country.

The path to becoming a proficient flipper is a veritable graveyard, most fail, that's the un-marketed reality. 

What's going for New Jersey is we have a lot of well paying jobs, so the rental demand and collected rents and are very high in comparison to many other places in the country.

The recession hit much sooner than the rest of the country. 

Take a look at the study from Amsterdam. by Piet Eichholtz Eichholtz_A-long-run-house-price-index.pdf (maastrichtrealestate.com)basically a nearly 400 year study of the prices of the same homes along the best canals in Amsterdam since 1628, and the prices rose at about 2-3% or the historic rate of inflation there, same study has been retroactively and proactively studied in almost all countries on Earth and they all get same answers over long term, (Re rises with inflation rate) Now you can have short term bubbles like now in USA, but they usually deflate like the 22% drop from 1929-1935 or the 34% drop from 2006 to 2012, which many of us benefitted from.