Investing in real estate in actually starting, managing, and marketing a company. 

Unless you are sourcing properties yourself off-market, REI became much more challenging in 2023, and downright brutal since the start of 2024 here.   

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.  

Are they at market rent, or locked into below-market rates?

Understanding STR regulations in a market is an essential "must do" when it comes to evaluating a short term rental.

It was a true trade-off as the Logan area is more limited in STRs and new builds so ADRs are higher and likely to stay there compared to RRG where the market is headed towards being flooded and there's the potential of ADRs going down like in Gatlinburg/Pigeon Forge area. 

I live in a very expensive market (Seattle, WA) and I am looking to invest out of State.

Mine have appreciated off of the charts in the Charlotte metro market.

Market forces are pushing and pulling but not a source of anything breaking.

An ADU could rent for an additional $1,200–$2,000/month, depending on the local market, potentially doubling the property's cash flow.