If the city's requirements are bare-bones but all active rental listings are more elaborate, we go with the market trends to make sure we are competitive & provide what tenants are looking for.

Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test.

@John UnderwoodUnderstood, but do you think it should ever cross my mind in the future to dive into the STR realm so I can maximize tax-write offs (Passive losses offsetting active/earned income) from my Job later or just stick with the good, stable, LTR’s? 

It's really easy to create stressful and costly problems for yourself in this game, and as an investor, your time is much better spent learning and working on your next deal rather than trying to find a handyman on craigslist who will pump water out of your basement in another state at 3am. 

This suggests some volatility in the market.Investment Considerations- Long-term Potential: The presence of a dedicated economic development partnership and active city government suggests efforts to promote growth, which could benefit real estate investors in the long run.- Property Management: With companies like Champion Investments managing a large portfolio of properties in the area, there seems to be a robust infrastructure for property management, which could be beneficial for out-of-town investors.- Market Knowledge: Local real estate companies like RE/MAX Select, with their 18 full-time agents, indicate a strong local real estate community that could provide valuable market insights.In conclusion, Shelby's real estate market shows potential for investment, particularly given its price growth and strategic location.

Attend events, schedule dinners, and actively connect with individuals who align with your investment goals.

They also make those moisture meters, that I have had roofers use in my attics to attempt to trace back sources.As noted, in my market, if you have active leaks that you are aware of, they need to be disclosed when selling a property.  

Sounds like you could quit the stressful job now and finding a more relaxed job that pays 50k to make up the gap shouldn’t be that hard.

If through a syndication passively or actively as a managing partner, or if you mean smaller multifamily (2 - 4 units) which are still classified as residential. 

It's generally quite stressful and entails a lot of on-the-ground coordination.Luckily, I have great tenants that have most been with me 4-5+ years.