The Shadow Ln property presented a high-demand location and a competitive purchase price.

There’s a lot of new development going on in Huntsville proper, but properties in nearby suburbs like Athens, Decatur, or Meridianville are both more affordable at present and less prone to competition from new construction.$150,000 can buy you a tenant-ready 3 bed, 2 bath single-family home in a B-grade neighborhood.

Setting higher rates than the comps can definitely help attract guests who value quality, but it’s important to stay competitive within your market.

With fees doubling and competition heating up, you might want to rethink this investment.

So, scope out the competition on #1 & #2 above to understand what the rental or sale market expects.- You will lose money if you go overboard!

It's usually better to earn $200 less a month for one year than to sit vacant for two months, particularly in the winter.Consider a bigger drop for a 6-month lease to get through winter, then increase rent or find a new renter in the spring when competition is hotter.

The market here in town is very competitive right now.

However, be prepared for limited inventory, higher competition, and possible compromises.

The competition is fierce but I think you can still find great deals.

@Ryan Cousins It is a very competitive market especially in those neighborhoods.