I purchased a duplex (Austin, TX) at peak market prices in 2022 for $720k.

Quote from @Shayan Sameer: Quote from @Samuel Diouf: Columbus, Ohio is a great market to consider if you're looking for appreciation markets that still have cashflowing deals under $200k.

But it's playing with fire to buy there if STR is a priority as it's very likely they will eventually start enforcing it better.Yes I've seen this same thing in some of the markets we operate in.

Sit back and wait for the market conditions to flip to where those strategies would work for me, or adapt to the current market.  

@Mark Towey I don't "farm" areas personally, it doesn't really fit the niche I'm personally going after, but what I have heard from some major agents in my market lately is that farming is not near as productive as it used to. 

Then they will start the process over.As for finding a market. 

Even when the market is down, gradually adjust rents so tenants don’t experience a huge price shock later.

Some renters may hesitate, but if the rental market is strong and insurance is covered in your numbers, it can still work.

The property's strong market demand made it an ideal candidate for a profitable fix-and-flip project.

Purchase price: $73,000 Cash invested: $25,000 I was charitable landlord renting to single mom below market rents.