This way, it’s not a shock, and they’re more likely to stick around.Market Update: Let them know the neighborhood is changing, and so is the rent (to $1,100).

It’s tempting, but not always profitable.Tip: Stick to improvements that will boost value based on the neighborhood, and avoid unnecessary upgrades.Buyer Preferences: Sometimes, the design or finishes you chose don't match what buyers in that market are looking for.

@Seth Baumgartner, I live in Cincinnati, still own (now) one rental, but had more, have done about a dozen or so flips in the area over the years, here is my take.I am fairly risk adverse, so I don't venture into neighborhoods I don't know inside and out.  

My advice is, since you only have 2 properties, do hands on management, get a feel for neighborhood, rental market and save money by DIY.  

DownTown Pueblo has a lot of beauty and potential, but there are a lot of vacancies when it comes to commercial buildings, there is not much variety for restaurants, coffee shops, shopping districts, etc.I don't see AirBNB being the best right now, but who knows.

With that being said, if you think it's more beneficial to take a look at the neighborhoods for yourself, then it might be worth the trip.

If you plan on going on a shopping spree - look into DSCR loans. 

A young couple or family can still buy a house for $250k.Another top of mind examples is my wife's hometown of Bowling Green, KY - hour north of Nashville, growing, and still affordable.Or do what a buddy of mine just did - paid up for a 3 unit in a premier neighborhood in Boston.

Then 85254, which is further north and close to the TPC Scottsdale (home of the Phoenix Open) and shopping like Kierland Commons and Scottsdale Quarter.There is also a Facebook group for Scottsdale STR operators, which a few of my clients find helpful.Let me know if I can answer any questions for you.Melanie

One-year leases are very common in smaller spaces, as you're most often working with tenants in the trade industry that need a garage styled space for tools and equipment, some with a small 1-person styled office adjacent the shop.