I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties).

Especially for things like population growth/decline, economic trends etc.And what things do you recommend checking when trying to decide whether a location is a good place to invest.

Selling now prioritizes liquidity and growth opportunities, while holding benefits from long-term appreciation and rental income.This post does not create a CPA-Client relationship.

But if you put in the effort, Detroit can be incredibly rewarding.Over the last several years, the city has been on a steady upswing: population growth, major corporate investments, and increasing demand for housing are all positive indicators.

Understood I made a bad move here as this was first investment so didnt think much except at the location for longterm growth or possibly I move there as part relocation.

If you have an adjustable rate mortgage and it is likely to increase significantly in the future, rent growth rate may not compensate for this and cash flow is likely to get worse over time.

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

(your 55 days of vacancy was for the most part the holiday period).Vacancies are pretty high and based on BLS statistics, population growth has been flat. 

Consistent cash flow: Reliable income to build wealth.Less stress: Stable tenants and well-maintained properties mean fewer headaches.Long-term appreciation: Steady growth over time.Resilience: Weathers market downturns better.Ami I chasing "shiny objects" or building a solid foundation?

Jasper - the Pat Aboukhaled investor teamTurning investment visions into reality in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC