I think Bend is a top place for STR as there is multi-seasonal demand and is a city with a lot of growth.

Because households are smaller today vs 20 yrs ago due to delay in marriage and child bearing smaller units are in more demand because of need and affordability.   

Here’s a quick breakdown of your options:Option 1: Sell and Buy Cheaper House with CashPros: No mortgage, no interest payments.Cons: Older homes, more repairs, possibly worse neighborhoods.Option 2:Use Proceeds as Down Payment on Better HousePros: Newer, fewer repairs, better neighborhoods.Cons: High mortgage interest rates, higher monthly payments.Option 3: Refinance and Rent Out Mobile HomePros: Rental income, keep property, can still buy another home.Cons:Landlord responsibilities, high refinance interest rates, market fluctuations.Consider market trends, rental demand, and your financial goals.

Starting to see a lot of pent up demand that will likely boom when rates finally come down

Rents have gone up because demand has. 

This biggest thing that helps Lexington overcome Louisville (IMO) is that the supply and demand is greatly affected by the urban service boundary.

Now, flipping margins are going to be nice since there isn't going to be much demand on the direct-to-seller marketing side

So long as each LLC does not own more than two residential dwelling properties, or more than four dwelling units total, the LLC may require two month’s rent as security deposit.Although elsewhere I have expressed the opinion that placing each rental unit into its own LLC is maybe not necessary for limiting liability, if an investor is subject to the new security deposit limitations, the idea of limiting the number of dwelling units in any LLC to four rental units, now has an added benefit of allowing the LLC to require higher security deposits.Below is the pertinent portion of the statute:(4) (A) Notwithstanding paragraph (1), a landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in addition to any rent for the first month paid on or before initial occupancy if the landlord meets both of the following requirements:(i) The landlord is a natural person or a limited liability company in which all members are natural persons.

With a smaller amount of capital, investing in certain high-demand areas in New Jersey might be challenging due to the higher property prices. 

What percentage of housing demand in and around Metro Atlanta is section 8, and is it worth marketing more to affordable housing?