People can't afford to buy so they continue renting (and stay longer!).

If you haven’t already, I’d scope out the municipalities around town.. from what I read in The Economist, the Phoenix metropo area continues to rank high for job growth, which usually bodes well for new builds.

Scaling up properties requires cash flow or equity, continuous education, networking, mentorship, patience, and persistence.

If you’re looking to continue to invest in your backyard, it helps to network with as many locals in the industry as you can.

I'd likely just agree to break the lease with a couple months of rent as a penalty rather than force these people to continue being tenants in my property....you never know what will happen to the condition of the property.

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

It's so bad that my last purchase was in Indiana, which was my first OOS investment, and likely will continue to look there if the market doesn't improve here.  

Although 2024 was generally considered a seller's market, based on what's going on in the new and the real estate market --- Do you think 2025 will be a buyer's market or continue to be a seller's market?

Continuing on the north coast, another idyllic vacation rental location is Pacific City Oregon.

Quote from @Stuart Udis: As I am sure is the case with many investors, my residential and commercial leases continue to evolve.