Agree, STR are saturated but given the numbers, I expect unsuccessful players will leave the market.  

You're learning about the eviction process, tenant screening (never "word of mouth" again), the power of a lease WHEN not IF a neutral third party needs to be involved, tenant/landlord laws, and managing tenants who don't care about your business the way you do. 

Its set by the market.

Sent you a request–– here to help, discuss the market, etc. any time. 

so short window I suspect the marketing will start in earnest on March 15th though !!!

Partnering with someone already in that market would be wise.

Speak with a local Realtor who knows the market, but also is knowledgeable about creative financing options.Good Investing...

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.

I am now looking to enter the Chicago market, I have heard good things about that market.