Hi Dave,The topic is 2 years old which you might not have noticed.Closed at a 7 must have been urban core in a highly desirable area.I am seeing trade at a 9 here with no rent bumps in the primary term.For anyone wondering many tenants are credit tenants.There is a huge difference in that INVESTMENT GRADE tenants are BBB- or higher.The ones below that are considered junk status by many lenders which doesn't make them a bad investment just harder to get financing and more to put down.The dollar stores (there are 3 big brand companies nationally) with other smaller regional knock offs are okay as long as you are not buying in obscure rural locations.The fronts are usually brick facade and the sides are sheet metal.You second and third generational tenant will not have the same per sq ft sales they will leaving you with less of a re-rental return.Having said this I have seen some very nice all brick ones where the city required a certain architecture and look to approve the building permits and process.Those typically run 1 million in price to 1.2 versus the cheaper ones in rural areas at 500k to 800k.

I'm in the Denver area and my STR is my primary home half the year (per city rules).

@John Davis be sure to check out all the city landlord requirements.Michigan also has an online Landlord-Tenant Handbook that is awesome source of info.Lastly, be sure to join the RPOA investor's group in Grand Rapids.

Quote from @Devin James: In one of our development projects, the City staff asked us to remove 40 units from our concept plan.This wasn’t requested by the City Commission at a formal hearing, it was the opinion of the staff.Our original concept already proposed fewer units than the current zoning would have allowed.Here’s what erasing 40 units means:- 40 fewer homes for buyers- Over $1M in lost profit for our team- Fewer tax dollars and impact fees that could’ve benefited the City’s infrastructure & servicesWe gotta get betterEveryone wants more affordable housing, but not everyone wants to do what it takes to achieve it NIMBY is what it boils down to.

10k Course, Sub 2 an inner city boarding house, Cost Seg, Cook Islands Trust  Naa, you forgot a step: after the sub2 and before the cost seg you need a G6

I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.

The city is also making large pushes in zoning to incentivize investors and developers to focus on this community.

•Incoming Market Changes & Local News: Keep an eye on city regulations, new developments, and economic shifts that could impact STR demand.

However, after waiting and testing again, the backup reoccurred.At this point, the plumber snaked the line from the cleanout towards the city’s main sewer line.

Hi Nancy,being licensed in GA I'd say Carrollton, GA can be a solid option for long-term rental investments, especially with its growing appeal as a commuter city with proximity to Atlanta.