., but there’s some good news for renters: local rents have dropped to a 3-year low, with decreases of up to $200.

We have an extremely competitive market, huge demand and low inventory.

@James Tobin  yes FHA will be a very low downpayment option for you.

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

I certainly know that future years the expenses won't remain that low, but wouldn't that be a reality on a property that has a lot of recent improvements?  

@Hector Lewis - The decision ultimately depends on your current cash reserves relative to your financial needs, as well as your willingness to reinvest for potential appreciation.

Also, what are some other low cost amenities that I can add to my STR that will yield a higher ROI?

Quote from @Carlos Ptriawan: Considering the current circumstances, what is stopping me if I create brokerage that is offering buyer agent only with flat fee of 5k-10k ?

Currently operating and cashflowing, listed for sale What made you interested in investing in this type of deal?

Quote from @Jadan Williams: Hello bigger pockets experts, I currently live in california but will list my house for sale within the next couple months i want to use between 100-200k for an investment but not sure how to go about it.