The demand is still not qualified.Mortgage demand is applications, not approvals.

It's funny how nobody demands regulation to make Escalades more affordable....... 

The market absorbed -19,000 square feet in Q1, indicating slightly negative demand.

It really is a different animal than either long term or short term rentals so it's best to seek advice from others with experience in this niche.

Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.

Demand is high, inventory is still low.

This strategy has worked tremendously for us, but I'm not sure of demand or rates relative to your area.Keep running your numbers, but don't get stuck in analysis paralysis.

What is general demand for storefronts in the area?  

What parts of the city are in highest demand?

My investment strategy focuses on long-term, low-maintenance SFRs in high-demand areas, aiming for cash flow rates above 7%.The market dynamics can vary significantly from state to state, and even from block to block within a city.