Owner occupied united increased by 8.4%"Still, although the overall share of households that rented decreased, the number of rented units increased by over a million units (43.3 million to 44.6 million)."

That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.

As the years have progressed, I've seen a healthy combo of appreciation & cashflow has continued to increase as market rents have gone up.To start off, I'd attend some local meet ups and network a bit, and start analyzing some deals.

That then registers the property at a new “base rate” and your future rent increases all be “base rate” + Inflation as guided by the town.

Strong rental demand: With major employers like the Cleveland Clinic and University Hospitals, along with a growing arts and culture scene, Cleveland attracts a steady stream of renters.Revitalization efforts: Many areas of Cleveland are experiencing significant revitalization, which can lead to increased property values and appreciation potential.I can't comment on the Detroit market specifically, I have never been and have never done any research on it!

It's rarely talked about, it seems.I looked at some listing in the Research Triangle in North Carolina but the cash flow doesn't seem great, especially there could be a major assessed value/property tax increase as there was a lag of 4 years in NC.

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

I think it will increase down the road, but right now the town is a bit on the past.

Even a small increase could make a difference in cash flow.

Largely, the appreciation in housing prices is coming from both new migrants and investors coming from the East (GTA) as well as international countries (predominately from the middle east).We are also seeing drastic increases in the rental rates which in turn are pushing investment property prices up as well.