Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Given the location and how the town has been developing it seems like a good investment opportunity for rentals.

This past weekend, the guests tripped the circuit breaker and neither the guest, host, or co-host knew how to locate and reset the breaker.

Now if your thinking location jumps out as a big factor to all this, you hit the nail on the head, location location LOCATION. 

The key is to purchase in desirable locations where demand for rental housing is high, ensuring consistent occupancy and the potential for rental rate increases over time.2.

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

To me the biggest takeaway is that as real estate professionals, we always talk about location, location, location.

They want to sell for as much as possible.Use the broker's pro forma as a thumb to the wind guide for your interest along with the rest of the offering memo (right location, asset class, etc.). 

Portsmouth, known for its historic charm, offers higher prices but strong demand for both multifamily properties and short-term rentals, with premium rental rates for well-located properties.

It is located in an area that attracts college students/employees, working class families, and military families.