Question: assuming an ideal brrrr that has all investment extracted at the refinance, why would you choose a low cost market over a high cost market?

But Bitcoin has zero intrinsic value and there are many new digital currencies coming on the market.

It might be more a matter of fine-tuning your listing than just a shift in the overall market.

If the market is tough, I reduce the rent rate over the full 12-month term.

I am working with some NJ clients on turnkey investments in the Midwest/midsouth markets currently.

How stable is your tenant market?

As with most municipalities and jurisdictions, the evolution of the AirBnB market has spawned regulation and restrictions on where, when and how a STR can operate.

From adding bi-fold doors to creating outdoor kitchens, we design spaces that make the most of Southern California’s weather.These trends not only elevate the homes we renovate but also ensure they stand out in the market. 

Are there better markets or hybrid approaches I should consider (e.g., smaller multifamily properties that accept Section 8 tenants)?

Don't invest in a market if you can't find a quality PM!