That said, weigh the cost of renovations against the potential increase in appraisal.

., Richmond, and Detroit led rent increases, while Austin and Raleigh saw year-over-year declines due to high supply.

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Have you done work to the property for ARV to increase since purchasing?

Yeap, exactly same as Zillow's Zestimate increased the price of houses.

You can also expect increasing HOA fees, and there may be some problems renting a property inside a difficult.You don't have any experience, prices are at an all-time high, and rates are also high. 

The neighborhood has seen a lot of revitalization in recent years, with an increasing demand for both residential and rental properties.

They'll tap out in 3 months, max.Rates can increase.

I have clients who are increasing their cash flow by between $19k and $55k and their cost basis is between $145k and $200k.

Now that you know this little secret (that most don’t), you can make informed decisions when it comes to increasing rents for new leases and renewals.