A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Very Good Question:This is how I answered this question to myself as a potential purchaser of this product - ( I was looking for an assignment paperwork and somehow I downloaded Cody's for free.

The state’s housing is also ranked as the fourth most affordable in the country.Alabama currently has the second-lowest average property tax rate in the country at 0.4%, which helps investors keep more of the money they earn.

And it's in high demand everywhere due to high inflation and people not being able to afford housing these days.

@Arya Chen despite limited reversal in a few select markets with oversupply, the general demand for this product type is very high, leading to lower cap rates that likely won't change much in the near term.

Glad you're looking into OOS in more affordable markets.

With your skills and background I would guess you would be best utilized with a larger organization that has the deal volume to afford to pay you full time.

Location, location and location, REI is all about the product.

As most of you probably know, real estate is not exactly affordable in Colorado.

There's no guarantee of anything in the STR investing world, and I do think cities are legally allowed to switch their laws, so as soon as I say it's super unlikely to happen, that thing will then happen.But again, not even the most liberal, affordable-housing-starved, anti-STR city in Colorado has changed their laws and not allowed those who were operating under a legal short-term rental license to continue.Your point is well taken though.