Beware of markets that have recently restricted STRs because a lot of those operators are pivoting to MTR resulting in a sudden glut in this niche.

We passed on one property in Gloucester, MA that was on a low lying part of a major road near the harbor...10 feet of elevation above high tide seemed to be asking for trouble in storm surges, etc.Certainly, anything in or near a flood zone should get a closer look. 

So, if you suddenly shift the rules it may set you down a course fighting legal action.

@Christopher Stewart Well there are people on here with units in Scottsdale probably high end so lets see what they say but new carpet seems like you rented it with this carpet that is what you get and it is dry there so not like you are suddenly getting musty carpet. 

We saw such a surge of rental rate increases through COVID that I'd say .05% would be conservative.

My local market suddenly looks a lot more attractive. 

https://www.bloomberg.com/news/articles/2024-01-25/atlanta-l...It's concerning to see the surge of squatters in rental homes across the country.

I think a lot about the line from Ernest Hemingway’s novel, The Sun Also Rises, where the character Mike describes bankruptcy as gradual and then sudden.

And we suddenly received a notice from the main HOA that we have multiple properties which is a violation.

The increase in interest rates follows a similar pattern as the one seen between 2004-07, however I believe that there is one major difference that makes today's market less likely to see a similar surge in delinquencies: a lower % of variable rate mortgages (Figure 2).