A few simple, affordable moves that will increase your monthly income 25% or more, make you a productive member of society, and build real wealth instead of living paycheck-to-paycheck.If you owned rentals for 12 years and aren't excited to get back into it, you must have done something wrong.

Some factors that can affect rental rates include:Economic conditions: During economic downturns, demand for rental housing may decrease, which could lead to lower rental rates as landlords try to attract tenants.Market conditions: If there is a surplus of available rental units in a particular market, landlords may need to lower their rental rates to compete with other properties and attract tenants.Property location: Properties located in desirable areas or with desirable amenities may command higher rental rates, while properties in less desirable locations or with fewer amenities may have lower rental rates.Property condition: Well-maintained properties with modern features and finishes may be able to command higher rental rates compared to properties that are in poor condition or have outdated features.Competition from other housing options: If there are other housing options available in a particular market, such as single-family homes or apartments, this can affect the rental rates for housing units.Overall, rental rates for housing may fall for a variety of reasons, but it is difficult to predict with certainty when this may occur.

We’re also open to doing it with a condo, but ideally a 2-4 unit.I’ve seen buildings that need some work (mostly modernizing or repairs like a new A/C) that I have stayed away from because we are trying to limit the amount of cash we’re putting down. 

I can tell you some things about my target area that its historical society can't.In almost every single area of the USA, this business offers incredible advantages to the local investor who lives in her or his area and knows it well.

The idea that because some people don't like something (STRs) that makes it "immoral" is modern snowflake morality.

Personally think if the property was fixed up and modernized, it would limit complaints and issues, but not sure.

The answer to that question can only be determined on a house-by-house basis;  i.e. how well has the current owner taken care of the property or what kind of investment are you willing to make to get a property up to modern-day codes? 

I stuck to the modern theme - replacing light fixtures from Amazon, peel & stick flooring in the kitchen, and adding a fresh coat of paint on the cabinets and walls.

The black and white modern farmhouse styled mobile home is freshly painted outside and pops with a Caribbean blue double door that opens up to a spacious 1100 sq ft of interior living space.

Like, how can we really be sure a Buyer puts a higher value on a modern Quartz countertop more than another solid surface countertop, such as granite.