We found that two key factors significantly helped us succeed with our short-term rental (STR): using NightlyPricer instead of AirDNA and opting for Safely Insurance.NightlyPricer: Rather than relying on AirDNA, we chose Nightly Pricer, which provides more dynamic, real-time adjustments based on demand, local events, and market trends.

I don't know the Baltimore market but have a friend who is a very savvy investor there and maybe he would do some coaching to help you understand which way is up.

I’ve built relationships with brokers who specialize in Harlem, and one of them brought this off-market deal to my attention.

Now, of course, every market is different.

Any advice on starting out on this in the Houston or Katy market?  

@Lori Edelman if you want a better experience, in a better market (Detroit), DM us please.

How do you identify emerging markets before they become over saturated?

I am not sure how much you get involved but do your employees contact the realtor and discuss market rents, do the math to check leases versus market rents and which lenders use the "lesser of the two".Closing in an LLC versus personal name can also add a rate hit as well as Escrow or No escrow.

I saw the market going up while renting in the area and didn't want to miss the opportunity.

If you want to get into MTR or STR I have better markets to recommend.