Hey @Anthony Zotto, this question tends to lend itself to be state, city, regulations specific as the rights of tenants/property owners vary, which you probably know.

I'm a little hesitant to get into the city of Syracuse. 

The logistics are simpler since as you get 4-5 turns/year and it isn't affected by the city ordinance on STRs.

Even the stagnant growth cities still tend to appreciate at par with inflation and see rent growth, so I wouldn't count those out.

I've already been hearing about all the communities and mini cities that they are planning on opening around it as well.

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas. 

@Al JeciusAre you in City of Flagstaff or Coconino County for zoning purposes?

You are taking over for someone who didn't care at all about the rules and you want the city to just be like, "yeah, this is fine"?

Pricing and risk levels are about the same for the same type of stuff in either city.

Now that you are in charge of DOGE, can you send me a PDF of the Tesla Consolidated Tax Returns, Federal, State and City  for 2023, 2022 and 2021?"