The multifamily real estate market is gaining momentum as we close out 2024, driven by easing financial conditions and attractive cap rates, according to Marcus & Millichap's Q3 report.
Cap rates have surged to a...

We have water and gas to heat water and run stove.

The cost to heat the property runs $1,200 a year.

Right now, it can probably go for $700,000.Summer renting is tough, because people know that the heat is no joke, and it doesn't seem like there is much demand during the summer months.My elementary math is telling me that I can earn 1.82% on my $700K.

I know Florida, Texas, and North Carolina are seeing huge growth but I don't really see myself moving to any of those states mainly because of the hurricanes/floods/and the heat in Texas.I'm assuming the problem I'm having is a result of the high insterest rates, housing shortage and affordability, but I'm wondering if it's like this everywhere right now?

A strong foundation for a future in real estate investing is built upon considering all avenues and points of view.Take the person who wants to invest in STR now and doesn't listen to others' advice on checking the local regulations and heat of the topic in the locale.

Your HOA will likely keep increasing and because of the excessive heat, roofs get replaced more than in other areas and if the HOA is not super liquid, that will come back to you in the form of an assessment.

All we are seeing is mini corrections in over heated markets like Austin, Orlando etc. 

I have even seen copper on steam heating system uses as part of a wet return, that isn't exactly a waste line, but it is a line where water drains back to the boiler not unlike how a waste line drains. 

At 1 community there is a year round contract for 3 bed-bug extermination heating units, year round, and there at work 24-7.