I truly believe she had a medical condition and shouldn't even live in my house, should probably live in elderly housing or the like.

Great, niche market and definitely slower pace than Reno/Sparks.

Year 0: ($2,000 - $1,700) x (1 + 2%)^0 / (1 + 5%)^0 ≈ $300 in today’s buying power.Year 5: ($2,000 - $1,700) x (1 + 2%)^5 / (1 + 5%)^5 ≈ $260 in today’s buying power.Year 10: ($2,000 - $1,700) x (1 + 2%)^10 / (1 + 5%)^10 ≈ $225 in today’s buying power.Year 15: ($2,000 - $1,700) x (1 + 2%)^15 / (1 + 5%)^15 ≈ $194 in today’s buying power.So, if you purchase property in a city where rent increases at a slower pace than inflation, the amount of goods and services you can buy will decrease over time due to inflation.Here is what I recommend:Purchase in a city that possesses the following characteristics.Significant and sustained population growth.Rapid and sustained appreciationBalance negative cash flow, interest rate buydown, and increased down payment to create an acceptable cash flow situation today.Refinance when rates fall to increase cash flow.

💹*Reminder- The Pearl Development is predicted to create over 11,000 jobs in Mecklenburg County within the next 10 years & will be both a medical education institution and an international headquarters. 

Learning that the slower I move, the more money I lose.

Where my market is, STR is definitely slower in the winter time.

good medical at emergency!

I’ve watched investors lose momentum by sticking to a single city’s slower regulations when a neighboring municipality was more open to new builds.

It sounds like Palm Desert is seasonal, so diversifying into another area could help smooth out those slower months.It really comes down to your risk tolerance and long-term goals.

I have noted a few medical clinics/hospitals near the property that I was thinking of reaching out to ask if they hire traveling nurses and if my property could be considered for their stay.