The flip side of that coin is that if you are in the market while rates are high, there's a lot less competition.

Happy to chat about the FW market, we have several investors in that area with various results using LTR/MTR rentals.

I have over 8 years of experience in Michigan’s real estate market and am excited to connect with others as I transition to Texas.

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

I'll shoot you a DM just work with a builder. we build for investors in our market where lots are affordable and new builds for single family or multifamily appraise at least 20% higher than the market average. for us that is in Columbus Ohio in zip codes like 43207 43206, 43205 and 43203 where build costs are lower than existing inventory is selling at 

It's tough to swallow, but if it's not renting, it's likely as simple as the market won't bear the price you're asking.

I'll give you some numbers for the MTRs we manage in Los Angeles.1-2 bedroom MTRs stays are 1-3 months3+ bedroom MTRs stays are 3-6 months, but often start less than 3 months and extend their stayMTR marketing falls in 2 buckets.

Another reason properties have been on the market a long time is unrealistic expectations of sellers.  

I talk with a lot of flippers in this market and with the scarcity of good deals may are looking at new construction. 

For a 3/2 you might have a hard time pricing it effectively for the MTR market.