I do think the MTR/STR mix makes the most sense for Austin - MTR most of the year but switch to STR to maximize during the hottest travel months (spring for SXSW, fall for ACL/Formula One/UT Football)

Affordability is about 1:3So yeah on the surface it looks like a big difference, but there's a lot of things not controlled for in the stats- There were a crazy amount of houses built in the years just after the war, so housing stock was easy to come by everywhere;- Homes had nowhere near the kind of features they have now - 2 car garages, dishwashers, OTC microwaves, W/D hookups, high efficiency windows, central heat & air conditioning, etc - all those doodads and niceties drive up the cost of housing;- Fewer mortgages were 30 year, so homeowners had to pay (relatively) higher monthly payments;- Rentals were almost exclusively apartments, so there was more supply for buyers;ETCI think these things tend to be more stories that make for good press but aren't really that grounded in reality overall.

Wynd detectors are usually good for air quality, their effectiveness specifically for detecting marijuana smoke can vary, as they aren’t designed solely for this purpose.

We are looking to purchase a fourplex in the Colorado springs area, for our first property in about a month or so.

Looking forward to next investment in early Spring 2025. 

This spring, I just found out they no longer do even that. 

Use the lookup function with my name and Spring lake and Journeys End subdivision posts.First step is have your local surveyor survey the property.  

There tends to be less competition from every day home owners who need to move in the spring/summer before the new school year starts and thus the possibility of having more leverage on sellers.

Hot Springs, ArkansasHonorable MentionLake Waco, TexasLake Tawakoni, TexasSavannah, Georgia 

I think the expenses are light.If you want to achieve market rents, no central air is going to be an issue.