NE Minneapolis has strong rental demand, but no area is hot in the Winter.

If you're competing for a hot property or need to close quickly, fast closings can make or break the deal.

Originally posted by @Bridger L Logan:Has anyone else had good experiences with a larger house (5/3, 5/2) that has been rented by the room in the Phoenix area or other hot real estate market areas?

Hey Stuart, the mid-market is a pretty hot and affordable.

I would like to branch into commercial leasing with a government client niche (solar farm land and datacenter leasing too).

You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.

You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist). 

I would have personally waited a bit to list in the spring when things are hot and everyone is over-bidding. 

I guess not to buy since I just finished one of the new BP podcast episode - Rent INSTEAD of Buying by Jonathan lollKeep on renting does make sense at least for now (and maybe a little longer since the housing market is still HOT around here.)

I bought two SFR is Desert Hot Springs (years ago).