I've got a few hundred clients in your exact same scenario, they live in markets where rentals don't make sense whether it be from a price or laws perspective.

I appreciate the perspective.

And don’t be afraid to chat with leasing agents in Brickell-they can give you a boots-on-the-ground perspective on rental demand.Natalie, your story reminds me of a friend of mine, Alex, who house-hacked a two-bedroom condo in Phoenix.

Fortunately, our parcel only has 1 neighbor, so less work from a quantity perspective on avoid dissent.

You're absolutely right—agents will always say their area is the best, which is why I appreciate hearing different perspectives and the reasoning behind them.I came up with these markets based on research into affordability and population growth trends.

From a real estate/landlord perspective what does this do besides take money out of my pocket?

I’d love to hear some perspectives from more experienced and local investors on what you think about the numbers below:$130k for 3bd 1ba for a single family house:- Reno Budget: 42k- Projected Rent: $1400Pros:1.

From that perspective, this is a pretty nice exchange.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

I do not know the market very well in Gatlinburg, but from a pure investment perspective (assuming revenue is gross) is abysmal.