It's more of a classic boom/bust town that is still bulldozing whole neighborhoods because of an oversupply of housing due to the population shrinking by half.

Smaller multi-family is significantly more common in the Northeast, Midwest, and Western cities who had their economic boom in the roaring 1920s-60s and thus, tons of high density zoning was developed across the country (but not the South).

The region has gone through some significant saturation coming out of the pandemic where a strong boom in STR occurred.  

Diversification potential: The region encompasses diverse markets - from revitalizing rust belt cities to booming tech hubs - allowing investors to spread risk across different economic drivers.5.

Boom!

A third party likely purchased that debt from the original lender (uncollectible by typical debt collector standards) for pennies on the dollar. 

STR Townhomes in Chattanooga TN are definitely booming.

They have allowed it since May of 2021 and its a booming part of the rental market.  

The Columbus macroeconomics is booming due to many companies building out here like Intel, Meta, Google, Amazon, etc., and there is continuous population and job growth!

Augusta is a booming real estate market How did you find this deal and how did you negotiate it?