Much like other markets in the Midwest, investors go to our market because of the low barrier to entry.

Two properties available in the highly sought-after Gresham Park area—one on-market, one off-market.

What strategies have worked best for marketing midterm rentals in secondary or smaller markets like Portsmouth?

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

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

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

Plenty of investors work the Atlanta market but the ROI is better in Huntsville and Atlanta is tenant friendly.

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

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

Some renters may hesitate, but if the rental market is strong and insurance is covered in your numbers, it can still work.