They prefer to invest in high-quality areas in gateway cities - they don't necessarily think about using those houses as vacation homes.Another segment of overseas investors is very keen on high-yield properties in second tier or third tier cities in which they can make 8-10% net rental yields.And yes, as you mentioned, some of our overseas investors are keen on commercial properties but obviously a much higher price point.

I’ve found that a segment of the community also has a disdain for STRs even though tourism entirely drives the economy, which is different from the very positive community vibe around Smoky Mountain cabin STRs.

Ahh I skip the random 5 segment lol.

Hi @Vladislav Bobkov You are correct the inventory is up across the board here in Orlando and the two biggest segments are condos and townhomes specifically.

This will help segment the costs of operating Manager LLC from operating the actual assets.

I don't know if you've seen the predictions on market segments that may not recover from the pandemic but student housing is on the top of the list. 

From what I can see the most competitive segment are properties that are updated and move in ready.

We've targeted this tenant segment for over 15 years.

Competing offers are the norm in many market segments and owner-occupants of the standard 3/2 in a decent neighborhood are routinely outbid by cash buyers (either investors or bay area transplants).What can cause that situation to change?

It's hard to stand out.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.