These areas tend to provide the best balance of affordability and rental demand.That said, Detroit’s market is unique.

Having reasonable expectations, hiring a local professional (Realtor or PM), doing your research, and doing everything right (i.e. pro photos, professional design, good renovation, proper amenities and location, etc) are the keys to success in 2025.

However, it’s important to ensure that the deed is properly recorded with the county recorder’s office to make the transfer official.

Starting with a manager might be wise if the property is far or you’re balancing other commitments.

Gaining valuable insights into the local market.Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.2.

A second STR in a market with year-round cash flow potential might balance out your portfolio and give you more consistent income.

It is nearly impossible to follow NYC's requirements and run a proper housing business.

Under federal law (ADA and FHA), true service animals and emotional support animals are exempt from pet fees, deposits, or rent, but the tenant must provide proper documentation if requested.

I also have a friend that bought brand new construction, but had to shell out tens of thousands in repairs because the home wasn't built properly, the inspection didn't catch the issues, the builder didn't have a warranty on the property, and insurance didn't cover all the problems.

They are very up front about the whole process and all the details.Before I go on, I want to make it clear that I am a small time entrepreneur and am in no way affiliated with the Capital Syndicate, Awesome REI or anyone else associated with this course.I bought the Capital Syndicate course because I wanted to see if I could apply it to a specific niche market.I bought all the add ons because I wanted to make sure I gave it every shot to work properly and because they offered a 30 day money back guarantee.