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

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

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.

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

The market here in town is very competitive right now.

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

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

I always check active rentals to see what the competition is currently looking like for if a rental were to go live that month too.

Of course Morris portrayal of C/D class was a fantasy from the get go..